In an effort to bring more chip manufacturing into the United States and address the global shortage of silicon, Intel today will announce a $3.5 billion investment aimed at upgrading its manufacturing facility in Rio Rancho, New Mexico. This is in addition to the $20 billion Intel is pouring into fabrication plant expansions in Arizona.
Intel CEO Pat Gelsinger made the $3.5 billion revelation during a must-watch interview 60 Minutes interview, in which he discussed a range of topics related to chip manufacturing, including when he believes Intel will catch up to Taiwan Semiconductor Manufacturing Company (TSMC), the most advanced chip manufacturer in the world.
"We believe it's going to take us a couple of years and we will be caught up," Gelsinger said.
Lesley Stahl gets a rare look inside Intel’s $10 billion Arizona fabrication plant, where a lengthy and complex manufacturing process makes essential ...
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