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[Maple MAGA ] Dutch government takes control of Chinese-owned chipmaker Nexperia in ‘highly ...

Maple MAGA — 10/13/2025 12:24:34 PM

Dutch government takes control of Chinese-owned chipmaker Nexperia in ‘highly exceptional’ move

Published Mon, Oct 13 20252:13 AM EDT

Updated 2 Hours Ago

Dylan Butts @in/dylan-b-7a451a107

Key Points

The Dutch government has invoked control of Nexperia, a Chinese-owned semiconductor maker based in the Netherlands, under its Goods Availability Act.
Following the announcement by The Hague, Wingtech’s Shanghai-listed shares plunged 10% to hit its max daily limit.

In this article

745-SZ-4.65 (-10.00%)

A close-up view of the Nexperia plant sign in Newport, Wales on April 1, 2022.

The Dutch government has taken control of Nexperia, a Chinese-owned semiconductor maker based in the Netherlands, in an extraordinary move to ensure a sufficient supply of its chips remains available in Europe amid rising global trade tensions.

Nexperia, a subsidiary of China’s Wingtech Technology, specializes in the high-volume production of chips used in automotive, consumer electronics and other industries, making it vital for maintaining Europe’s technological supply chains.

On Sunday evening, the Dutch Minister of Economic Affairs revealed that it had invoked the “Goods Availability Act” on the company in September in order “to prevent a situation in which the goods produced by Nexperia (finished and semi-finished products) would become unavailable in an emergency.”

Following the announcement from The Hague, Wingtech plunged its maximum daily limit of 10% on the Shanghai Stock Exchange.

The Goods Availability Act allows The Hague to intervene in private companies to ensure the availability of critical goods in preparation for emergency situations, and its use comes amid escalation in the U.S.-China trade war.

The government statement said the “highly exceptional” move had been made after the ministry had observed “recent and acute signals of serious governance shortcomings and actions” within Nexperia.

“These signals posed a threat to the continuity and safeguarding on Dutch and European soil of crucial technological knowledge and capabilities. Losing these capabilities could pose a risk to Dutch and European economic security,” it said, identifying the automotive industry as particularly vulnerable.

Governance changesIn a corporate filing dated Oct.13, lodged with the Shanghai Stock Exchange, Wingtech confirmed Nexperia was under temporary external management and had been asked to suspend changes to the company’s assets, business or personnel for up to a year, according to a Google translation.

Wingtech Chairman Zhang Xuezheng had been immediately suspended from his roles as executive director of Nexperia Holdings and nonexecutive director of Nexperia after the ministerial order, according to the filing.

The filing added that Nexperia’s daily operations will continue, with the impact of the measures not yet quantifiable.

“The Dutch government’s decision to freeze Nexperia’s global operations under the pretext of ‘national security’ constitutes excessive intervention driven by geopolitical bias, rather than a fact-based risk assessment,” Wingtech said in a deleted WeChat post, which was archived and translated by Chinese policy blog Pekingnology.

It added that since it acquired Nexperia in 2019, Wingtech “has strictly abided by the laws and regulations of all jurisdictions where it operates, maintaining transparent operations and sound governance,” and employs “thousands of local staff” through research and development and manufacturing sites in the Netherlands, Germany and Britain.

A spokesperson from Nexperia told CNBC that the company had no further comments, but that it “complies with all existing laws and regulations, export controls and sanctions regimes,” and remained in regular contact with relevant authorities.

The Netherlands’ move comes after Beijing tightened its restrictions on the export of rare earth elements and magnets Thursday, which could impact Europe’s automotive industry.

The move could also further strain trade relations between China and the Netherlands, following years of restrictions on Dutch company ASML’s exports of advanced semiconductor manufacturing equipment to China.

In 2023, the Netherlands had also investigated Nexperia’s proposed acquisition of chip firm startup Nowi, though the deal was later approved.

[Ron] Nvidia to invest $5 billion in chipmaker Intel, co-develop data center and PC ch...

Ron — 9/18/2025 8:49:29 AM

Nvidia to invest $5 billion in chipmaker Intel, co-develop data center and PC chips
cnbc.com

[greg s] With Gelsinger's abrupt "retirement" yesterday, I'm starting to think the Intel ...

greg s — 12/2/2024 12:31:01 PM

With Gelsinger's abrupt "retirement" yesterday, I'm starting to think the Intel Corp. we know will no longer exist soon. Or exist at all.

[Don Green] Intel Honesty Tuesday, September 3, 2024 It really is a valley: Message 34814...

Don Green — 9/8/2024 9:38:17 AM

Intel Honesty

Tuesday, September 3, 2024

It really is a valley:

Message 34814053

[Kirk ©] Cramer sure hates Intel now around $22. What a change from earlier this year wh...

Kirk © — 9/3/2024 10:16:25 AM

Cramer sure hates Intel now around $22.

What a change from earlier this year when he liked it at $48 after a strong run up from the mid $20s.

Of course, he's the ultimate weathervane so it might be a massive buy signal.

[X]

Jim Cramer sure hates Intel now at $22. What a change from earlier this year when he liked it at $48 after a strong run up from the mid $20s https://t.co/venFob0vMH Of course, he's the ultimate weathervane so it might be a massive buy signal. $INTC #JimCramer #CNBC #MadMoney pic.twitter.com/TZ5ZWCE5BC
— Kirk Lindstrom (@KirkLindstrom) September 3, 2024

[/X]

[Kirk ©] I'd add Hewlett Packard to that list. We were great under John Young, an engine...

Kirk © — 9/1/2024 10:54:56 PM

I'd add Hewlett Packard to that list. We were great under John Young, an engineer. Lew Platt came next who was an engineer but the difficulty of being a CEO while raising two daughters without his wife who died of cancer, he brought us DEI which had more importance than talent or raw skill... then he hired Carly Fiorina, who was not and engineer, and the demise of the once great company is history.

Fortunately, many of its surviving parts after the breakup are doing great... Keysight, Avago/Broadcom, Agilent, and a few other parts that were bought while HPE and HPQ muddle along.

[Thomas M.] When the Mismanagerial Class Destroys Great Companies by Marko Jukic In 2005, ...

Thomas M. — 9/1/2024 7:38:44 PM

When the Mismanagerial Class Destroys Great Companies

by Marko Jukic

In 2005, Paul Otellini became the new CEO of Intel, America’s premier semiconductor designer and manufacturer. He was the first CEO of the company not to have a background in engineering. Sometime shortly thereafter, Otellini entered discussions with Steve Jobs on whether Intel would manufacture the chips needed for Apple’s secretive, potentially revolutionary new project: the iPhone. Ultimately, Otellini declined. He thought the initial costs would be too high and the resulting sales too low. Since then, Apple has sold 2.3 billion iPhones. Intel flatly missed out on the mobile computing revolution ushered in by Apple, which put Intel’s competitors in various domains—including companies like Samsung, TSMC, and most significantly Arm—squarely in the leading position that Intel once had.

The same year that Otellini took the reins at Intel, James McNerney became the new CEO of Boeing, America’s one and only manufacturer of large passenger airplanes and a key contractor to NASA and the Pentagon. Like Otellini, McNerney was an MBA—Master of Business Administration—not an engineer. Though he wasn’t the first non-engineer ever to lead the century-old company, he was the first without any previous experience in aerospace. Aiming to cut costs, McNerney determined that, rather than designing and building a whole new plane, the company would simply modify one of its key planes, the 737, to be the new and improved 737 MAX. Not long after entering service a decade later, two of these updated planes inexplicably crashed shortly after takeoff, killing a combined 346 people. The cause was a convoluted series of poor and ultimately fatal design choices that Boeing had not disclosed to pilots, in order to preserve the marketing fiction of a merely updated plane, rather than a new one, which would have required the, in hindsight, comparatively trivial burden of retraining pilots.

While Otellini and McNerney were taking charge, across the Pacific Ocean another chief executive was wrapping up his term. Nobuyuki Idei had become the CEO of Sony in 1999, becoming responsible for Japan’s most innovative consumer electronics and entertainment company. Three long, consecutive tenures by founding engineers had turned Sony from a radio repair shop amidst the ruins of post-war Japan into a global conglomerate that gave the world the Walkman, the CD, and the PlayStation, among many other state-of-the-art electronics products. Idei was the first CEO not to have a background in engineering. He decided to reorganize Sony to be “independent from past glory and the founders’ shadow,” adopting modern managerial techniques and structures. Since he left, Sony has not produced a single new transformative electronics product.

Since 2021, Intel’s revenue has crashed by a third. Since 2018, Boeing’s has fallen by a quarter. Sony’s revenue hasn’t meaningfully grown since 2008. It is easy to tell when a company stalls or stumbles. But it takes a meticulous, in-depth investigation to determine whether such failings are evidence of organizational dysfunction, or just the temporary setbacks and necessary hurdles that any competent organization might face. When failures can be traced to bad strategy or structure, the mistake’s origin might already be decades in the past. It is remarkable that three modern-day high-tech companies, at the tops of very different fields, all made catastrophic strategic errors apparently as soon as they put outsiders to the company’s technical tradition of knowledge in charge. They are unlikely to be the only similar cases in the global economy.

[continued ...]

palladiummag.com

Tom

[greg s] Thur, Aug 1 after market close.

greg s — 7/15/2024 11:10:03 AM

[Elroy] Has Intel announced when they will report Q2 results? Usually they're one of th...

Elroy — 7/15/2024 9:03:43 AM

Has Intel announced when they will report Q2 results? Usually they're one of the first to go, but I don't see any earnings release date announcement......

[robert b furman] Hi FJB, TOTALLY AGREE! The same gobly gook destroyed GM and it went BK. That l...

robert b furman — 6/27/2024 11:22:39 AM

Hi FJB,

TOTALLY AGREE!
The same gobly gook destroyed GM and it went BK.

That lofty stuff is written by those who have been educated well beyond their level of intelligence.

Those who have never taken an entry level and then given it their all for advancement in a company that they contribute to, spew this barf. It is easy for the competition to outperform you when you build your team on this falsehood. The company that hires and trains the best candidates,regardless of their skin color,or many other traits other than drive, integrity, and intelligence is the company I want to invest in.

There is a solid history of GO WOKE, GO BROKE.

The world is simply competitive. If it is not in your business, it will be

A country that endorses such poor advice, will be surpassed by the country that embraces meritocracy. That is part of the headfake plan that socialism injects into a country you want to see fail!

The DEI spin is nice sounding BULL CHIT. It's philosophies has pretty much destroyed the public school's curriculums.

Any school that dumbs down the curriculum with such unfounded beliefs is not where my kids would go!

Bob

[FJB] THIS CRAP DESTROYED THE COMPANY IN LESS THAN TEN YEARS. CHECK OUT BOEING TOO......

FJB — 6/27/2024 5:03:14 AM

THIS CRAP DESTROYED THE COMPANY IN LESS THAN TEN YEARS. CHECK OUT BOEING TOO...

intel.com

Intel Diversity and Inclusion Annual Report 2015 Leadership Perspective
Last year, Intel set an ambitious goal to be the first high technology company to reach full representation of women and underrepresented minorities in our U.S. workforce by 2020. We committed $300M to support this goal and accelerate diversity and inclusion—not just at Intel, but across the technology industry at large. The scope of our efforts spans the entire value chain, from spending with diverse suppliers and diversifying our venture portfolio to better serving our markets and communities through innovative programs like Hack Harassment, which aims to combat online harassment.

Why Diversity and Inclusion Matter
Intel is evolving, and diversity and inclusion are among the most important forces driving that evolution and reinvention. Our commitment to diversity comes from our conviction that reaching a critical mass of women and underrepresented minorities in our workforce brings ample benefits. These go far beyond the business benefits to Intel—which are many—to include the entire tech industry and our wider communities beyond.

Inclusion means ensuring that all employees are, and feel, free to bring their full selves to work, offer their true and unguarded perspectives, and find a welcoming and inviting place for those ideas. True change is made through both diversity and inclusion. Together, these concepts are transforming and defining our culture and how we all work together at Intel.

[FJB] DEI killed this company. Hope lessons were learned. companiesmarketcap.com [g...

FJB — 6/21/2024 8:36:24 PM

DEI killed this company. Hope lessons were learned.

companiesmarketcap.com

[Sr K] BUSINESS TELECOM Intel Lowers Sales Outlook After China Chip Licenses Revoked ...

Sr K — 5/8/2024 10:37:20 PM

BUSINESS
TELECOM

Intel Lowers Sales Outlook After China Chip Licenses Revoked

Chip maker says revenue likely below the midpoint of second-quarter range

By
Asa Fitch
Updated May 8, 2024 11:23 am ET

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Intel reaffirms full-year guidance that revenue and profits will grow. PHOTO: DAVID PAUL MORRIS/BLOOMBERG NEWS
Intel INTC -2.22% decrease; red down pointing triangle said its revenue for the current quarter would be lower than previously expected amid new restrictions on sales by chip makers to Huawei Technologies.

The Commerce Department revoked some licenses for exports to the Chinese telecom company, a spokesman said Wednesday, a move The Wall Street Journal reported last year that the Biden administration was considering.

Exc.

[Sr K] Intel Wins U.S. Appeal to Overturn $2.2 Billion VLSI Patent Verdict The ruling ...

Sr K — 12/4/2023 3:05:10 PM

Intel Wins U.S. Appeal to Overturn $2.2 Billion VLSI Patent Verdict

The ruling vacates the roughly $2.2 billion awarded to VLSI by a jury in 2021
By
Will Feuer
Dec. 4, 2023 1:08 pm ET

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(2 min)

A U.S. appeals court vacated a patent-infringement verdict won by VLSI Technology. PHOTO: DADO RUVIC/REUTERS
A U.S. appeals court has sided with Intel, vacating a roughly $2.2 billion patent-infringement verdict won by VLSI Technology, which argues that some technology in Intel’s microprocessors infringe on VLSI’s patents.

The U.S. Court of Appeals for the Federal Circuit affirmed a jury’s verdict that Intel infringed on one of VLSI’s patents and reversed the verdict that Intel infringed on another of the company’s patents. The Federal Circuit sent the case back for further proceedings to determine how much Intel owes in damages.

Exc.

[Glenn Petersen] Is This the End of ‘Intel Inside’? Newcomers pose numerous challenges to decade...

Glenn Petersen — 12/3/2023 6:39:30 AM

Is This the End of ‘Intel Inside’?

Newcomers pose numerous challenges to decades of ‘Wintel’ chip dominance.

By Christopher Mims
Wall Street Journal
Dec. 1, 2023 9:00 pm ET

It might not look like it yet, but Intel is in a fight for its life.

The stakes for its employees and investors are high, and are likely to turn on some fierce battles for market share that will play out in 2024 and beyond.

For the everyday consumer, what’s at stake is mostly nostalgia. One day, the little “Intel Inside” sticker that’s been on PCs since 1991 could cease to exist.

Instead of an Intel chip, these computers could have processors from an array of manufacturers, principally
Qualcomm, but also possibly Nvidia, AMD, and lesser-known companies like Santa Clara, Calif.-based Amlogic and Taiwan-based MediaTek
.
What’s happening now is a tipping point decades in the making. Ever since a little chip-design company called ARM built the mobile processor for Apple’s first Newton personal digital assistant, which came out in 1993, it’s been gaining steam, primarily in the mobile-phone business. By the time Intel sought to enter the mobile-processor business in 2011, it was too late.

Apple was the first company to bet that ARM-based processors—thought by many to be useful only in phones—could be the brains of even the most powerful desktop computers. This gave Apple a huge head start over Intel, and the rest of the industry, in designing chips that prioritized power-sipping performance in a world where that’s become the primary limiting factor in the performance of all devices, not just phones.

Now, Google, Qualcomm, Amazon, Apple and others can use ARM’s blueprints to custom-design the chips that power everything from phones and notebooks to cloud servers. These chips are then typically produced by Samsung or Taiwan-based TSMC, which focus on making chips for other companies.

The threats to Intel are so numerous that it’s worth summing them up: The Mac and Google’s Chromebooks are already eating the market share of Windows-based, Intel-powered devices. As for Windows-based devices, all signs point to their increasingly being based on non-Intel processors. Finally, Windows is likely to run on the cloud in the future, where it will also run on non-Intel chips.

Apple has moved almost entirely away from Intel’s chips, which it used for over a decade for all of its desktop and notebook computers. At the same time, its overall market share for desktops and notebooks has climbed from around 12% of devices in the U.S. in 2013 to nearly one in three today, according to Statcounter.

These days, it’s not just Apple moving away from Intel’s chips. Microsoft is accelerating its yearslong effort to make Windows run on ARM-based processors, so that the entire PC ecosystem isn’t doomed by Intel’s failure to keep up with Apple and TSMC. Google’s Chrome OS, which works with either Intel or ARM-based chips, is also an emerging threat to Microsoft.

This means the threat to Intel comes from a whole ecosystem of companies with deep pockets and sizable profit margins, each trying to take their piece of the company’s market share. In many ways, it really is Intel versus the world—and “the world” includes nearly every tech giant you can name.

It wasn’t always this way. For decades, Intel enjoyed PC market dominance with its ride-or-die partner, Microsoft, through their “Wintel” duopoly.

It’s ironic, then, that Microsoft is one of the companies leading the charge away from Intel’s chips.

This estrangement is taking several forms, which shows how seriously Microsoft is taking this shift away from Intel. Microsoft declined to comment for this column.

Microsoft is working to make Windows and the rest of its software accessible in the cloud, which can save money for customers because it lets them use computers that are much cheaper and simpler than conventional PCs. It also means that ARM-based devices can be put on workers’ desks in place of more powerful, Intel-powered ones. And the version of Windows that workers are accessing remotely, in the cloud, can run on ARM-based chips in the data center too.

In mid-November, Microsoft unveiled its first ARM-based custom chips. One of them, called Cobalt, is intended to live in data centers and could power such cloud-based Windows experiences. Qualcomm also has forthcoming ARM-based chips for notebook computers.

These efforts are getting a boost from Amazon, which recently unveiled a small cube-shaped PC-like device that can stream Windows and applications from the cloud—like Netflix, but for software instead of entertainment. It’s a repurposed Fire TV Cube streaming device, costs $200, and is powered by an ARM-based chip from Amlogic.

Qualcomm also has forthcoming ARM-based chips for notebook computers, but these are intended not merely to connect these devices to the cloud. Rather, they’ll directly replace Intel’s processors, handling heavy workloads within the device itself. At the same time, they’re intended to go head-to-head with Apple’s best chips. Key to their adoption: Microsoft is putting a huge amount of effort into making Windows run on these processors, while encouraging developers of apps to do the same.

I asked Dan Rogers, vice president of silicon performance at Intel, if all of this is keeping him up at night. He declined to comment on Intel’s past, but he did say that since Pat Gelsinger, who had spent the first 30 years of his career at Intel, returned to the company as CEO in 2021, “I believe we are unleashed and focused, and our drive in the PC has in a way never been more intense.”

Intel plans a new generation of chips in what Rogers calls the “thin and light” category of notebooks, where Apple has been beating the pants off Intel-powered Windows devices.

In terms of advanced chip-manufacturing technology, Intel has promised to catch up with its primary competitor, Taiwan-based TSMC, by 2025.

The consumer-electronics business is full of reversals, and Intel is still a strong competitor, so none of this is predestined.

Geopolitical factors, for one, have the potential to change the entire chip industry virtually overnight. Intel could suddenly become the only game in town for the most advanced kind of chip manufacturing, if American tech companies lose access to TSMC’s factories on account of China’s aggression toward Taiwan, says Patrick Moorhead, a former executive at Intel competitor AMD, and now head of tech analyst firm Moor Insights & Strategy.

When it comes to Intel, he adds, “Never count these guys out.”

For more WSJ Technology analysis, reviews, advice and headlines, sign up for our weekly newsletter.

Write to Christopher Mims at christopher.mims@wsj.com

Is This the End of ‘Intel Inside’? - WSJ

[FJB] [graphic]

FJB — 6/29/2023 8:16:26 AM

[Harvey Allen] Arm, a British chip designer owned by Japan’s SoftBank, said it was building a p...

Harvey Allen — 4/23/2023 3:47:31 PM

Arm, a British chip designer owned by Japan’s SoftBank, said it was building a prototype of an advanced semiconductor, reported the Financial Times. The company usually sells designs to manufacturers, but could be seeking to compete with them. It is planning to list on the Nasdaq exchange later this year.

https://www.economist.com/the-world-in-brief

[Glenn Petersen] \Can Intel become the chip champion the US needs? Once the leading player in th...

Glenn Petersen — 4/14/2023 7:25:53 PM

\Can Intel become the chip champion the US needs?

Once the leading player in the semiconductor industry, the company is attempting to pull off one of tech’s most complex turnrounds

Richard Waters in San Francisco
40 MINUTES AGO
Financial Times

It was nearly a decade ago when Intel, then the undisputed leader in global semiconductor manufacturing, made a fateful decision.

A new technology, extreme lithography, was offering a way to pack more computing power on to the silicon wafers from which tiny chips, essential for widely used products like smartphones and PCs, are cut.

Using light to etch complicated integrated circuits, EUV promised an unparalleled degree of miniaturisation, but Intel executives believed it would take years for the method to become practical. Instead, they stuck with older manufacturing techniques for their next generation of chips.

This turned out to be a historic mistake, one with consequences that are being felt at a time when the US has put advanced chipmaking at the centre of its national industrial policy.

Taiwan Semiconductor Manufacturing Company, which adopted EUV in 2019, has leapfrogged Intel to become the world’s most advanced chip manufacturer, closely followed by Samsung. Along with other slips, the judgment call has left Intel — and the US — scrambling to catch up.

“Hindsight is 20/20,” says Ann Kelleher, head of technology development at Intel and the executive charged with restoring the US chipmaker’s manufacturing processes. “It’s very easy to look back and say, ‘If something different was done?.?.?.’”

Intel is today at another crucial juncture. If, as planned, the company finally produces chips made with EUV in large volume later this year, it will be an important step on the road back. Nowhere will progress be watched more anxiously than in Washington, where the Biden administration is facing an imminent decision about how much financial backing to throw behind the company.

Last year’s US Chips Act committed $52bn in direct subsidies to support semiconductor manufacturing and boost research and development, along with an estimated $24bn worth of tax credits over the next eight years. The law was designed to reverse a slide that has taken the US share of chip production to 12 per cent, from 37 per cent in 1990.

The centrepiece of that plan is to bring leading-edge manufacturing back to the US. For better or worse, that leaves Washington with little choice but to bet heavily on Intel, despite it being the laggard in one of the tech world’s most important races.

Yet falling behind in advanced chip production is not the only problem hanging over Intel. Big shifts in its customers’ needs — such as the rise of artificial intelligence — are threatening to sideline its traditional PC and server chips. Its attempt to go into direct competition with TSMC by becoming a so-called chip foundry, manufacturing chips on behalf of other companies, represents the biggest change to its business since it abandoned its original memory chips for processors nearly 40 years ago.

To make things even harder, a yawning financial hole has opened up under the company at just the moment it is trying to make up for years of under-investment with a surge in capital spending. The depth of the reversal, which the company says is caused by a temporary inventory correction, shocked Wall Street in January, when Intel warned its revenue would tumble 40 per cent in the first three months of this year.

The setbacks mean that a central piece of US industrial policy is now riding on one of the most difficult and complex tech turnrounds ever attempted. As the US Department of Commerce begins to weigh how to distribute the Chips Act subsidies, deciding how fiercely to back Intel will be a central question.

“It’s a very hard problem, people are underestimating the degree of difficulty,” says Willy Shih, a professor at Harvard Business School. Even if subsidies help to make up for some of the higher construction costs in the US, Intel’s plants will still face much higher operating costs than its Asian rivals, he adds. At the same time, rival chip subsidies in other countries also mean that even if the US halts the relative decline of its chip manufacturing base, it will struggle to win back global share.

The extent of Intel’s woes has spooked investors. Despite rebounding 22 per cent this year, its stock price has halved in the past two years. In the same period, the Philadelphia semiconductor index, a measure of the broader health of the industry, has only fallen 2 per cent.

“They’re in a tough spot,” says Stacy Rasgon, a chip analyst at Bernstein Research. “The best you can say is that the worst news is already out.”

Engineering complacency

Intel’s failure to keep its lead in manufacturing technology has been at the centre of its problems. For half a century after its co-founder Gordon Moore famously predicted in 1965 that the number of transistors on a chip would rise exponentially, Intel maintained a roughly two-year advantage over rivals.

After 2014, things started to go awry. The planned “shrink” to chips with features only 10 nanometres wide was thrown off course by the complex manufacturing steps put in place to get round the lack of EUV. Further delays mean its upcoming “node”, using a 7nm process that has been renamed Intel 4, will be roughly five years late — assuming the company succeeds in getting it into production later this year.

In less than a decade, Intel has slipped from being one generation ahead of its rivals in the latest chip technology to being one generation behind. Comparable chips from TSMC, using a process known as 5nm (confusingly, the actual sizes have diverged from the naming systems used to identify them) went into volume production in 2020. As a result, the latest products from rivals AMD and Nvidia — companies that design chips and outsource them to TSMC to be manufactured — have achieved higher levels of performance and eaten into Intel’s market.

According to Kelleher, the Irish-born former head of manufacturing who was put in charge of Intel’s technology development more than two years ago, turning Intel around will require nothing less than a cultural transformation. One of her first steps was to take on the “not invented here” mentality at a company where success had bred an insular approach to engineering.

“Because we were in a leadership position, we weren’t as open to the industry,” she says. “We don’t need to invent everything going forward ourselves.” In one big break with the past, Kelleher brought Intel’s chip design processes in line with industry standards, enabling it to use the same design automation technology from outside suppliers as other chip producers.

To make Intel less dependent on the kind of risky leaps that hurt its move to 10nm, Kelleher adopted what she calls an “incremental and modular” approach. That means some parts of each chip platform can be reused in later releases, or brought forward and tested alongside current technologies, such as PowerVia. This method of powering a chip from the back of the wafer to free up space for logic circuits on the front is designed for future releases but has been packaged with other components on a trial basis.

Kelleher, head of technology development at Intel, says turning the group around will require nothing less than a cultural transformation © Intel Corporation
---------------------

Along with PowerVia, Intel is also gambling on its first new transistor architecture since 2011, called “gate all around”, designed to reduce the leakage of electricity as transistors move towards sub-nanometre scales to regain its edge. “Both of those innovations are essential to us getting back to leadership,” says Kelleher.

With other manufacturers also planning to adopt new transistor architecture, this presents an opportunity to shake up industry leadership, says Shih, as companies vie to be first to perfect the technology. However, there is not yet a sign that this will play to Intel’s advantage.

Intel is counting on the changes Kelleher is making to race through five new process “nodes” in only four years, something the company says will enable it to regain a manufacturing lead by 2025. “Overall, we’re doing very well,” says Kelleher after two years in.

With one release completed and four still to come in quick succession, followed by the need to scale up production and embed the new technologies in future generations of products, most of the hard work lies ahead. According to Rasgon at Bernstein, it will take another five years to tell whether Intel can become globally competitive again.

Regaining lost ground

To support its new chip designs, Intel has announced a spate of giant new manufacturing plants, known as fabs, with the economies of scale needed to justify the capital-intensive processes.

There are two fabs planned outside Phoenix, two more in Ohio and a new €17bn mega plant in Germany that represents the country’s biggest investment since the second world war.

The cost for the first phases of these developments has already reached around $60bn, and the German governmen t is pushing Intel to expand its plans in exchange for the higher subsidies the company is seeking.

Under the Chips Act, Intel could receive up to $12bn to support its new US facilities, with extra subsidies for an advanced chip packaging plant in New Mexico and further tax credits.

Throwing so much support behind the company, however, may not be the quickest way for the US to become self-sufficient in chipmaking. In a report two years ago, Georgetown University’s Center for Security and Emerging Technology (CSET) estimated that around 55 per cent of the advanced chips consumed in the US were made in TSMC’s fabs, with a further 25 per cent coming from Intel and the rest from Samsung.

President Joe Biden at a ceremony for the new Intel semiconductor plant in Ohio last year © Saul Loeb/AFP/Getty Images
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The most effective use of the Chips Act subsidies geared to advanced chipmaking, according to CSET, would be to apportion them based on market shares, in effect leaving Intel with only half the money it is seeking.

However, Intel’s greater willingness to pour money into new US manufacturing has put it in pole position to receive a much bigger share. Last year, TSMC expanded its plans for a new fab under construction in Arizona, but output would be “a drop in the bucket” compared with the giant fabs the company runs in Taiwan, says Shih.

That has left Intel as the US standard-bearer in chip manufacturing “on a de facto basis”, says Chuck Wessner, a senior adviser to the Center for Strategic and International Studies in Washington. “It’s not a government policy,” he adds, but the company’s eagerness to invest significantly in the US makes it the only realistic option.

This message is one Intel itself has been driving home in Washington. The main goals set by the commerce department — to boost domestic chipmaking in order to increase economic and national security — leaves the country with no choice but to back Intel as “America’s champion, which has been investing heavily for decades,” says Al Thompson, the company’s head of US government relations.

Yet even if Intel succeeds in its manufacturing plans, there is no guarantee it will have enough business to fill its giant new fabs, or to operate them profitably.

Sales of PCs — still Intel’s main market — have fallen back after a pandemic-era boom, and many Wall Street analysts believe the company’s predictions about the market in the long term are unrealistic. To make matters worse, Apple recently dropped Intel in its Macs in favour of its own silicon chip designs, while AMD has taken advantage of TSMC’s superior manufacturing to claim an estimated 35 per cent of the PC market.

“Thirty per cent of their [PC] market has vanished,” Rasgon says of Intel, once synonymous with the PC industry. But now, even some of its biggest customers seem ready to move on.

“I think it’s important for Intel to succeed, and they’ve been a great partner,” says Michael Dell, chief executive of Dell Technologies. “But if they don’t succeed, we’ll use something else.” That could include new chip designs not based on the core chip architecture found in Intel’s main products, he adds. “Competition’s a good thing.”

Meanwhile, in servers, Intel processors face a barrage of competition, as cloud computing giants such as Google and Amazon have turned to designing their own chips. The data-intensive work of training AI systems has also boosted demand for different classes of chips. Wall Street’s belief that Nvidia will be the main winner from the AI race has lifted its shares by 90 per cent this year and added $360bn to its value — or more than two and a half times Intel’s entire market capitalisation.

One response from Intel has been to diversify into new chip architectures to compete. Another has been to open up its manufacturing to other chip companies, in the hopes of bringing in enough outside business to support the huge investments it needs to make.

Intel’s Pat Gelsinger in a lab coat at the company’s headquarters in Santa Clara, California. To support its new chip designs, Intel has announced a spate of giant new manufacturing plants © David Paul Morris/Bloomberg
----------------------------

Potential customers for this new chip foundry business have cautiously welcomed the move. Cristiano Amon, chief executive of mobile chip company Qualcomm, says it will be “a good thing” for the US if Intel succeeds, and that it will give Qualcomm another choice of manufacturer to turn to. Whether or not the Intel plan will work, says Amon, is “a tricky question to answer”, adding: “We haven’t committed a product yet.”

For Intel, competing with TSMC will mean learning a new way of doing business, including persuading customers that Intel will not put its own interests first if capacity is ever in short supply. It will also mean matching a fearsomely efficient rival, despite facing a likely cost disadvantage from being based in the US.

Intel has said that from early next year it will report the results of its manufacturing operations separately — even though, for now, the only customer will be Intel itself. The company’s executives hope the division will instil greater discipline throughout the company, forcing its manufacturing arm to show it can stand on its own feet, while its chip design business has to match the best of the “fabless” companies, such as Nvidia.

One day, they concede, that could even lead to a full break-up of the company — something some investors pressed for when Pat Gelsinger returned to head Intel in 2021. But it is likely to take years for Intel to win over enough big customers willing to bet on its advanced new fabs, making such a break a distant prospect.

For politicians in Washington, where reducing the country’s dependence on foreign-made chips has become an urgent matter, such long timescales will be a challenge.

“It took Intel 10 years to lose its lead, and the US giving up its chip manufacturing has taken 30 years,” says Shih at Harvard Business School. “Don’t expect results by the next election cycle.”

Additional reporting by Anna Gross

Can Intel become the chip champion the US needs? | Financial Times (archive.ph)

[IcYYachtY] Intel is bound to increase in value over the next 24 to 48 months; US gov fundin...

IcYYachtY — 4/14/2023 6:58:50 PM

Intel is bound to increase in value over the next 24 to 48 months; US gov funding and adoption of EUV manufacturing will increase its long term revenue stream.. INTC is a value buy

[greg s] Gordon Moore, Intel Co-Founder, Dies at 94 finance.yahoo.com

greg s — 3/24/2023 8:12:05 PM

[Jaroslav Berezin] INTC one of underestimated shares on Stock Market. It must equals NVDA. I would ...

Jaroslav Berezin — 3/1/2023 6:47:10 AM

INTC one of underestimated shares on Stock Market. It must equals NVDA. I would buy these shares while price is more wonderful.

[Sr K] Chip Makers Turn Cutthroat in Fight for Share of Federal Money Semiconductor co...

Sr K — 2/23/2023 6:36:09 AM

Chip Makers Turn Cutthroat in Fight for Share of Federal Money

Semiconductor companies, which united to get the CHIPS Act approved, have set off a lobbying frenzy as they argue for more cash than their competitors.

Give this article

Chips at Intel’s plant in Chandler, Ariz. The CHIPS Act is allocating $39 billion in grants for new or expanded U.S. factories.Credit...Philip Cheung for The New York Times

By Ana Swanson and Don Clark

Ana Swanson covers trade and Washington’s turn toward industrial policy. Don Clark has reported on the chips industry for more than 30 years.

Feb. 23, 2023, 5:00 a.m. ET

WASHINGTON — In early January, a New York public relations firm sent an email warning about what it characterized as a threat to the federal government’s program to revitalize the U.S. semiconductor industry.

The message, received by The New York Times, accused Intel, the Silicon Valley chip titan, of angling to win subsidies under the CHIPS and Science Act for new factories in Ohio and Arizona that would sit empty. Intel had said in a recent earnings call that it would build out its facilities with the expensive machinery needed to make semiconductors when demand for its chips increased.

The question, the email said, was whether officials would give funding to companies that outfitted their factories from the jump “or if they will give the majority of CHIPS funding to companies like Intel.”

The firm declined to name its client. But it has done work in the past for Advanced Micro Devices, Intel’s longtime rival, which has raised similar concerns about whether federal funding should go to companies that plan to build empty shells. A spokesman for AMD said it had not reviewed the email or approved the public relations firm’s efforts to lobby for or against any specific company receiving funding.

“We fully support the CHIPS and Science Act and the efforts of the Biden administration to boost domestic semiconductor research and manufacturing,” the spokesman said.

Rival semiconductor suppliers and their customers pulled together last year as they lobbied Congress to help shore up U.S. chip manufacturing and reduce vulnerabilities in the crucial supply chain. The push led lawmakers to approve the CHIPS Act, including $52 billion in subsidies to companies and research institutions as well as $24 billion or more in tax credits — one of the biggest infusions into a single industry in decades.

Exc.

Image

[Harvey Allen] I give up. seekingalpha.com No thank you @ 30. Hell yes @ 15-20

Harvey Allen — 2/4/2023 10:48:39 PM

[Harvey Allen] Are you talking market cap or factory floor space?

Harvey Allen — 2/4/2023 3:35:11 PM

[FJB] You should probably check your thesis before investing. Latest reports on capa...

FJB — 2/4/2023 1:22:43 PM

You should probably check your thesis before investing. Latest reports on capacity would place TSMC at almost 4X that of Intel. Samsung is also far ahead of Intel in capacity.

[Harvey Allen] 40% 50% who cares. INTC can process more silicon than TSMC ever can. Remember wh...

Harvey Allen — 2/4/2023 1:14:38 PM

40% 50% who cares. INTC can process more silicon than TSMC ever can. Remember when auto plants were closing for lack of chips?

[FJB] It can't get worse than the forecast 40% YoY drop in revenues next Q, right...

FJB — 2/4/2023 12:04:56 PM

[Harvey Allen] tipranks.com INTC Insiders Buy In, Heavily

Harvey Allen — 2/4/2023 11:00:46 AM

[FJB] THEY SHOULD GET MORE WOKE. IT IS WORKING GREAT... FIRST PLACE IN THE WOKE OLYM...

FJB — 2/1/2023 6:35:47 PM

THEY SHOULD GET MORE WOKE. IT IS WORKING GREAT... FIRST PLACE IN THE WOKE OLYMPICS. INTEL SHOULD NOT GET ALL THE HEAT. I HAVE SEEN SOME BIZARRE STUFF IN THE MODERN AMERICAN WORKPLACE.

As a result, AMD has once again surpassed Intel in market capitalization, at $136 billion versus $120 billion. Intel was valued at $264 billion less than two years ago, before its stock lost nearly half its value last year. Ten years ago, AMD had a market cap of less than $2 billion versus $104 billion for Intel.

investopedia.com

[Kirk ©] From Tom's Hardware Intel Core i9-13900K and Core i5-13600K Review: Raptor Lake...

Kirk © — 10/30/2022 12:41:42 PM

From Tom's Hardware

Intel Core i9-13900K and Core i5-13600K Review: Raptor Lake Beats Ryzen 7000
The Raptors are out of the cage!
By Paul Alcorn published about 1 hour ago

The Core i5-13600K is the hands-down winner for mainstream gamers, while the Core i9-13900K is the fastest gaming chip on the market but is overshadowed by the 13700K. Both chips offer leading gaming and productivity performance at their respective price points.

Pros

+Class-leading gaming performance
+Excellent performance in productivity apps
+Excellent pricing
+Supports either DDR4 or DDR5
+Superior platform pricing
+Overclockable

Cons

-Higher power consumption
-Cooling requirements

The 13th-Gen Intel 'Raptor Lake' $589 Core i9-13900K and the $319 Core i5-13600K bring groundbreaking levels of performance to their respective price points, with a ~20% generational jump in gaming performance taking the lead over competing chips from AMD’s Ryzen 7000 series. We tested all three of the new Raptor Lake chips with the new Nvidia GeForce RTX 4090 to find the best CPU for gaming and the new leader of our CPU benchmark hierarchy. Raptor Lake’s performance gains come from record-high clock speeds that stretch up to 5.8 GHz, with a 6 GHz model coming, while Intel’s generous sprinkling of more cores throughout its product stack gives it the lead in core counts for the first time since AMD’s Ryzen debuted back in 2017.

More at tomshardware.com

[Kirk ©] This news from Tom's Hardware via Motley Fool may explain some of Intel's 10.66%...

Kirk © — 10/30/2022 12:21:06 PM

This news from Tom's Hardware via Motley Fool may explain some of Intel's 10.66% price gain Friday.

Intel's Raptor Lake Is a Big Problem for AMD

By Timothy Green – Oct 28, 2022 at 8:10AM

KEY POINTS

AMD's Ryzen 7000 CPUs lose badly to Intel's Raptor Lake CPUs in multithreaded performance per dollar.
Building a system around a Ryzen 7000 chips is also more expensive, factoring in motherboard and memory costs.
AMD will need to cut prices to compete in a difficult PC market.

AMD's newest chips are simply too expensive.

Advanced Micro Devices (AMD 5.82%) has made a stunning comeback over the past five years. Through multiple generations of Ryzen PC CPUs, the company has steadily gained market share from Intel (INTC 10.66%) while growing revenue and profit considerably. Even after being pummeled this year, AMD stock is up nearly 400% over the past five years.

AMD is now facing two major problems. The first is largely out of its control: Demand for PCs is plunging, leading to inventory corrections across the supply chain. AMD now expects its organic revenue to essentially flatline in the third quarter.

The second problem is Intel's new Raptor Lake CPUs. With Intel boosting core counts and pricing aggressively, AMD's latest Ryzen CPUs are simply overpriced. In a tough PC market, that's not going to go well.

...

A deeper pricing problem

Tom's Hardware didn't mince words toward the end of its review: "AMD will need to reduce pricing on its Ryzen 7000 models now to stay competitive with Raptor Lake."

AMD's pricing problem is actually worse than it looks. Not only are its Ryzen 7000 chips overpriced, relative to Raptor Lake, but building a system around them is more expensive. Ryzen 7000 chips aren't compatible with motherboards that support previous generations of Ryzen chips, and those new motherboards are expensive. On top of higher motherboard costs, Ryzen 7000 chips require DDR5 memory, while Raptor Lake supports both DDR5 and cheaper DDR4.

Full article at:
fool.com

[Sr K] On Mobileye Intel Drives Forward With Mobileye Self-Driving Car Unit’s IPO Plan...

Sr K — 9/30/2022 9:41:40 PM

On Mobileye

Intel Drives Forward With Mobileye Self-Driving Car Unit’s IPO Plans

Listing plans come during a difficult year for the IPO market

Intel said Friday it had filed to list shares in its Mobileye self-driving car unit with the Securities and Exchange Commission.PHOTO: JEENAH MOON/REUTERS

By Stephen Nakrosis

Sept. 30, 2022 7:19 pm ET

SHARE

Listen to article

(2 minutes)

Intel Corp. is pressing ahead with its plans to publicly list shares in its Mobileye self-driving-car unit, giving a boost to the IPO market that has been under pressure this year from turmoil in the stock market.

Mobileye said Friday it filed for its IPO with the Securities and Exchange Commission. The company didn’t give an expected size for its IPO, nor did it give an anticipated price range. The Wall Street Journal last year reported Mobileye could fetch a valuation north of $50 billion, citing people familiar with the matter, though that came before the IPO market softened in recent months.

Exc,

[Kirk ©] And here is an INTC short-term trend line target meeting. [graphic]

Kirk © — 8/30/2022 7:18:41 PM

And here is an INTC short-term trend line target meeting.

[Kirk ©] Welcome to SI! I bought my first shares in 1994, before there was an SI and aft...

Kirk © — 8/30/2022 7:16:12 PM

Welcome to SI!

I bought my first shares in 1994, before there was an SI and after visiting WESCON in Las Vegas and figuring out everyone would eventually use PC productivity tools as I was using for my engineering job... building spreadsheets, tracking meetings, etc.

Did anyone else buy back some Intel today?

I drew this long-term support line some time ago for my target...

I was really not expecting it to hit but... given I took profits much higher, I was happy to buy back shares here today.

[Geospatial Investor] Interesting to read such ancient analysis, only a year after the internet really...

Geospatial Investor — 8/30/2022 4:54:29 PM

Interesting to read such ancient analysis, only a year after the internet really got going for the public. I wonder what machine this post was written on.

[greg s] SANTA CLARA, Calif., Aug. 23, 2022 – Intel Corporation today announced a first-o...

greg s — 8/23/2022 9:33:22 AM

SANTA CLARA, Calif., Aug. 23, 2022 – Intel Corporation today announced a first-of-its-kind Semiconductor Co-Investment Program (SCIP) that introduces a new funding model to the capital-intensive semiconductor industry. As part of its program, Intel has signed a definitive agreement with the infrastructure affiliate of Brookfield Asset Management, one of the largest global alternative asset managers, which will provide Intel with a new, expanded pool of capital for manufacturing build-outs.

SCIP is a key element of Intel’s Smart Capital approach, which aims to provide innovative ways to fund growth while creating further financial flexibility to accelerate the company’s IDM 2.0 strategy. Intel’s agreement with Brookfield follows the two companies’ memorandum of understanding announced in February 2022. Under the terms of the agreement, the companies will jointly invest up to $30 billion in Intel’s previously announced manufacturing expansion at its Ocotillo campus in Chandler, Arizona, with Intel funding 51% and Brookfield funding 49% of the total project cost. Intel will retain majority ownership and operating control of the two new leading-edge chip factories in Chandler, which will support long-term demand for Intel’s products and provide capacity for Intel Foundry Services (IFS) customers. The transaction with Brookfield is expected to close by the end of 2022, subject to customary closing conditions.

More …..

intel.com

[FJB] NOPE. Samsung does a million more things than Intel, and surpassed them in proc...

FJB — 8/6/2022 2:42:29 PM

NOPE. Samsung does a million more things than Intel, and surpassed them in process tech.

Intel's failure was one of culture. WOKE == BROKE

Shemales are notoriously bad at engineering. lol

[waitwatchwander] Many have failed chasing the wireless dream. It's tough as is reducing process ...

waitwatchwander — 8/6/2022 2:37:15 PM

Many have failed chasing the wireless dream. It's tough as is reducing process node. Power, performance is most complex especially when playing it out in digital and analog nodes. Optimization across the boundaries of one's domain matters.

AMD, Apple, Samsung, TI, GF all played around Intel. Non have yet to fully succeed either. They too have their moments, coming and going.

TSMC did their thing really well, focused and working with the best of the best

Intel collected baggage.

[FJB] It would have been nice if Intel had maintained their competence in process tech...

FJB — 8/6/2022 1:29:01 PM

It would have been nice if Intel had maintained their competence in process tech. I can't tell if they are in 3rd, 4th or whatever place now.

Andy Grove would not have let it get to this point. He is spinning at 10,000 rpm in his grave at what happened.

[60HzEE] I rather doubt that INTC is another IBM, let alone a cartoon company on steroids...

60HzEE — 8/6/2022 1:25:21 PM

I rather doubt that INTC is another IBM, let alone a cartoon company on steroids. It has plenty of patents and developments to outshine dry fabs, albeit down the road. Did Pelosi's trip wake up anyone here to the vulnerability of offshore manufacturing? If not, it should have.

Perhaps what you said is more applicable to VC firms these days. I won't mention any popular Valley names, but their batting averages haven't been so good, lately.

We just are getting away from the massive damage done by a former, bigoted national leader who wanted to and did scare plenty of very talented folks away from America's promise. Hopefully, that damage will be fixed and the perpetrator will very soon wear orange. And no, not orange face paint.

[FJB] On the bright side, at least Intel is very diverse now. LOL Those bad white ma...

FJB — 8/6/2022 12:48:39 PM

On the bright side, at least Intel is very diverse now. LOL Those bad white males have really been put in their place.

Disney Corp. might be a view into Intel's future. Woke companies never seem to change course, they double down into self destruction.

They should have some nuts and go crazy with a new RISC V design.

[FJB] Chips Act is the only welfare our government passed that I didn't hate. We thre...

FJB — 8/6/2022 11:47:49 AM

Chips Act is the only welfare our government passed that I didn't hate. We threw $ trillions at a fake pandemic. Might as well throw more Chinese money at something we need... Our government is basically bankrupt anyway. The people that lent them money are the losers... Fiat currency is about to crack. .223 rounds hitting a buck a pop some day soon.

[60HzEE] Market caps a-plenty above INTC: NVDA $454B AVGO $216B TXN $164B Q...

60HzEE — 8/6/2022 11:45:02 AM

Market caps a-plenty above INTC:

NVDA $454B

AVGO $216B

TXN $164B

QCOM $163B

AMD $153B

All above INTC at $149B

All from most recent Reuters/Verus Market Cap figures. Only $4B below AMD, at least so far, as of their August 5th data.

And, two of the above, at least, are “dry fabs.” No benefit whatsoever from investment tax credits from the Chips Act. Nice way to address what truly was and is necessary for US national security: More onshore fabs.

And, INTC will get a whopping share, but not AMD nor QCOM.

[FJB] AMD's market cap is now $22 BILLION more than Intel. Political correctness, w...

FJB — 8/4/2022 6:01:30 PM

AMD's market cap is now $22 BILLION more than Intel.

Political correctness, wokeness, stupidity did it to them. Meritocracy will always triumph over quota systems.

[ibyte] Could this be partly a relocation of the Oregon site?

ibyte — 2/16/2022 6:43:40 AM

[robert b furman] Hi E_K_S, I have spent a lot of time in Dublin Ohio a suburb of Columbus. Ohio...

robert b furman — 2/14/2022 9:31:50 AM

Hi E_K_S,

I have spent a lot of time in Dublin Ohio a suburb of Columbus.

Ohio is centrally located in the lower 48 states and many logistcis firms exist there.

Real estate costs are low with lots of land stretching out all four ways (no oceans, gulfs or great lakes getting in the way of suburban sprawl.

Winters do give you all four seasons , but they are very moderate.

It is a very nice place to live, with much of the growth new and clean looking.

Lastly the Midwestern worker has an excellent work ethic and there is a large population of college grads available for hiring.

There is a good base of highly trained computer experts as Reynolds and Reynolds is headquartered in Dayton along with other programer type companies.

Last but not least the politics is very conservative. No tax crazy politicians promising everything for free, no street dweller existence, and lastly NOT a lawless place with deranged attorney generals.

They live within their conservative laws and will stay that way.

Administration

Mike DeWine’s story is a true Ohio story. Raised in Yellow Springs, Ohio, Mike DeWine and Fran (Struewing) met in the first grade and married while students at Miami University. They’ve been blessed with eight children and 26 grandchildren. Family is at the core of everything Mike DeWine does, and that’s why he has devoted his life to fighting for Ohio’s families. He knows when families are strong, Ohio communities are stronger, and our future is bright.

Vision for the FutureMike DeWine loves Ohio and cares passionately about our state’s future. He will fight for an Ohio that works for everyone – every person and every family in every corner of our state. From world class cities to some of the best small towns in America, Mike DeWine knows that to build our state into an economic powerhouse, we must have strong schools, a great quality of life, and compassion for those who need our help.

Ohio ValuesMike DeWine’s family started a seed company in Yellow Springs. Working alongside his parents and grandparents, Mike learned early the value of hard work, strong leadership, and fiscal responsibility.

Growing up, he loaded seed bags onto trucks and boxcars, shoveled wheat out of trucks during harvest, worked in wheat fields to help ensure the purity of the seed, and basically did whatever it took to get the job done for their customers. Inseparable to the end, his parents were married for 65 years and died within four days of each other. The values he learned from them still live within him today.

A Lifetime of ServiceOn November 6, 2018, Mike DeWine was elected to serve as the 70th Governor of the State of Ohio. The Governor has had a long and distinguished career in public service, focusing on protecting Ohio children and families. He was previously the 50th Attorney General of Ohio and has previously been elected to serve as Greene County Prosecutor, Ohio State Senator, U.S. Congressman, Ohio Lt. Governor, U.S. Senator.

Last but not least Ohio is the home of the SUPER BOWL CAMPIONS. I attended the Packer vs Bengal football game this fall and Cincinnati was a surprisingly clean and very nice city with very safe down towns at night.

Bob

I too think it is a great move to build and expand in an area that is conservative and low on expenses.

[E_K_S] It's an investment in America. I grew up in Silicon Valley in the late 60's &...

E_K_S — 1/23/2022 11:12:09 AM

It's an investment in America.

I grew up in Silicon Valley in the late 60's & early 70's where Intel was a dominant influence along w/ aerospace. As the technology grew many other tech companies were created (ie AMAT, LAM, KLAC and others) and more importantly the knowledge base of the Valley.

Last year Intel mentioned they were going to make a large investment in Europe (as large as $60 Bil). It looks like they decided to move a lot of those funds into this US project.

If you want Build-Back-Better, these are the types of projects US needs to do.

One of the concerns the semiconductor companies have had building state of the art fabs in the US is/are the permitting process. It takes twice as long in many parts of the country to get the permits vs a similar plant in Vietnam or Malaysia.

[greg s] Access to water? University looking for a reason d'etre? Gov't funding? Others? ...

greg s — 1/23/2022 10:10:55 AM

Access to water? University looking for a reason d'etre? Gov't funding? Others?

All of the above and more.

To help develop and attract a pipeline of skilled talent from within the region, Intel plans to invest approximately $100 million over the next decade in partnership with Ohio universities, community colleges and the U.S. National Science Foundation. Especially Ohio State.

The state of Ohio certainly lured Intel with financial incentives, not to mention the Feds intention to bring semiconductor manufacture back onshore with the CHIPS Act..

A big consideration was that this is a pure greenfield project where nothing will be displaced with Intel's projected projects. Some of the other sites considered were not pure greenfield.

Intel plans to build green, the new factories have a goal to be powered by 100% renewable electricity and to achieve net positive water use and zero total waste to landfill.

Support companies such as Air Products, Applied Materials, LAM Research and Ultra Clean Technology have already indicated plans to establish a physical presence in the region to support the buildout of the site.

I think it was a very good decision.

[waitwatchwander] What makes it great? Access to water? University looking for a reason d'etre? G...

waitwatchwander — 1/23/2022 12:26:35 AM

What makes it great?

Access to water? University looking for a reason d'etre? Gov't funding? Others?

[greg s] From the same article: Intel CEO Pat Gelsinger said the company expects the sit...

greg s — 1/22/2022 6:04:54 PM

From the same article:

Intel CEO Pat Gelsinger said the company expects the site to become “the largest silicon manufacturing location on the planet,” adding that it could eventually expand to 2,000 acres with eight fabs. After helping to establish Silicon Valley, Gelsinger said the new site could become “the Silicon Heartland.” Intel plans to invest up to $100 billion in the site over the next decade, as well as around $100 million in partnership with Ohio universities, colleges, and the US National Science Foundation to foster new talent.