Intel Corp begun work on two chip factories in Arizona in a bid to meet demand and reduce US reliance on chip manufacturers in Asia.
The company has already said it plans to regain its crown as
a leader in chip manufacturing, pledging to make the smallest, fastest chips
by 2025.
While the $20 billion plants won’t immediately relieve the ongoing global
chip shortage, the investment, that will see Intel make chips for outside
customers, hopes to avoid problems in the future.
In an interview with Reuters,
Pat Gelsinger, chief executive at Intel, said the company was steeping up
to ensure resilience in the supply chain.
Reuters also reported that Taiwan Semiconductor
Manufacturing had bought land in Phoenix to build its first US campus
where it is planning to build up to six chip factories.
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