Intel’s CEO has been lobbying in the U.S. and Europe for government subsidies to back the chip maker’s ambitious plan to build new factories
Intel Corp.’s chief executive and other board members met with Biden administration officials last month and held a rooftop reception near the White House to push a multibillion-dollar chip-investment plan, according to people familiar with the event.
The gathering was only one stop for Pat Gelsinger, the Intel boss, in what has become a global tour to get facetime with government leaders—many worried about their countries’ access to chips at an unprecedented time of shortage. Mr. Gelsinger has struck a common note in those meetings, according to people familiar with the talks and documents, namely that Intel has big plans to build more chip factories that also can help fix an overconcentration of chip-making in Asia driven by lucrative incentives there. All it will take to level the playing field is a few billion dollars in subsidies.
Computer chips have become the 21st century equivalent of oil—a resource so critical to national security and economic growth that no country wants to become dependent on a foreign supplier, especially for the U.S. and Europe if that supplier is China., which has hampered production of cars and appliances over recent months, has amplified those concerns.
The timing of the shortage could be fortuitous for Mr. Gelsinger, who was hired this year to turn around a company that had lost its technological edge, leading to missteps in making its newest semiconductors. With the chip drought, governments are motivated to spend like never before to avoid a repeat. For Intel, the money could fast-track Mr.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Tech With A Purpose: 3 Lessons On Meeting Customer Needs With WELL Health CEO Hamed ShahbaziStarting a tech company is one thing and a tech company that actually fulfills a consumer need is entirely another. This is a differentiator between companies that succeed and those that don’t.
Weiterlesen »
MyPillow CEO Mike Lindell Claims He Was Attacked At Cyber SymposiumAlthough Lindell said he wants everyone to know about the evil in the world, he didn’t go into details about the incident.
Weiterlesen »
Breguet Names Swatch Group Veteran as CEOLionel a Marca becomes one of the few watchmakers at the helm of a major watch brand.
Weiterlesen »
MyPillow CEO says aggressive poke led to attack claimSIOUX FALLS, S.D. (AP) — MyPillow chief executive Mike Lindell says he was aggressively poked by someone seeking a selfie in Sioux Falls, South Dakota, this week, which led him to say he was attacked.
Weiterlesen »
Here's how the best teams run their meetings, according to a CEO who is 'obsessed with productivity'Let's be honest: Meetings can be a waste of everyone's time. And that's because most managers and employees aren't taking a strategic pause to put more thought into the process.
Weiterlesen »
5 obvious things 'too many people' forget to do before job interviews, according to CEO of 10 yearsYou submitted your resume and landed an interview; this is your moment to shine and impress the hiring managers — so don't make these five most common mistakes.
Weiterlesen »