Written by: Potato
Proofread by: April on Earth
According to a report from mydrivers on Nov 14, 2021, the Biden administration pressured Intel to give up its Chip Production Plan in Chengdu, China.
Some analysts believe that despite the current global industry is facing a major chip shortage crisis, the Biden administration still attaches greater importance to promoting semiconductor companies to move back to the United States to prevent lagging behind in the technology race.
Informed sources revealed that Intel is waiting for the pass of the U.S. Chip Bill’s $52 billion subsidies, the United States may need to add additional conditions to Intel’s subsidy so as to prevent semiconductor companies like Intel from receiving subsidies from the U.S. government while at the same time continuing to invest in Communist China.
According to Intel’s official data, Intel’s Chengdu plant has packaged, tested and shipped more than 2.23 billion chips since it was built in the first quarter of 2018. From the import and export data reported by China Customs, Intel’s Chengdu plant occupies a very important economic position in Communist China. However, Intel’s manufacturing business in China is currently shrinking quickly.
In contrast, the plans of major chip manufacturers including Intel, TSMC, Samsung, and GF to build factories in the United States have surfaced. TSMC chose to build a 300mm wafer fab in Phoenix, Arizona, USA; Intel revealed in March this year that it would invest US$20 billion to build two new wafer fabs in Arizona; in July this year, GF announced that it would build its headquarters in Malta, New York. A second factory will be built nearby and will invest US$1 billion to increase production capacity; although Samsung’s chip manufacturing plant in the United States has not been officially finalized, it is likely to be located in one of Texas, Arizona, and New York.
The economic decoupling between the West and communist China is accelerating, and many foreign companies have been leaving communist China over the years, and capital is smelling a crisis.
While Mr. Miles Guo is even more optimistic that companies like GF are completely independent and did not set up any factory in Communist China, which will enable GF to stand out in the uncertain economic and geopolitical crises in the future.
Key Words: Intel China, chip shortage
Extract: The Biden administration spurns Intel Plan to Boost Chip Production in Chengdu,China.
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