Podcast: Intel’s $20 billion funding into Ohio chipmaking facility, plus chip scarcity updates
Intel not too long ago introduced plans to speculate $20 billion into a large new semiconductor fabrication plant in Ohio. This announcement comes as Secretary of Commerce Gina Raimondo stated the U.S. urgently wants to extend home chip manufacturing capability. A latest Commerce Department survey revealed that the continued chip scarcity was in dire straits late final 12 months, with some producers reporting they’d lower than 5 days’ provide of chips. While the brand new Intel plant, predicted to open in 2025, received’t alleviate the continued chip scarcity, present provide chain points spotlight the necessity for elevated funding in semiconductor manufacturing. Mario Morales, group vp of IDC’s enabling applied sciences, semiconductor, storage, and DataSphere analysis, joins Juliet to debate the importance of Intel’s plan and supply an replace on the chip scarcity.