According to the Semiconductor Industry Association, the share of global semiconductor production capacity in the US dropped from 37%. in 1990 to 12 percent in 2020 – says . However, the United States wants to challenge China and Taiwan. Therefore, on Wednesday, March 20, the White House presented a support plan worth almost $20 billion for the Intel technology concern.
It’s called a gesture. Intel with huge support from the White House
USD 8.5 billion is to go to the company directly, while USD 11 billion – in the form of loans. The funds are to be used to develop domestic chip production. According to the White House, the money will be spent on expanding and modernizing Intel’s factories and other facilities in Arizona, Ohio, New Mexico and Oregon. As a result, almost 30,000 new jobs will be created in the USA.
Intel attacks the semiconductor market
This is the next step in Intel’s plans to increase chip production in the United States. The American technology giant wants to invest over USD 100 billion in five years. “This announcement is the culmination of years of work by President Biden and bipartisan efforts in Congress to ensure that the cutting-edge chips we need to secure our economic and national security are manufactured in the U.S.,” said Gina Raimondo, U.S. Secretary of Commerce, as quoted in .
There is also a Polish element in the American charge into the semiconductor market, so we can also be happy about such support for Intel. Last year, Intel announced that it wanted to build a large semiconductor assembly and testing plant in Lower Silesia. The then Minister of Digital Affairs, Janusz Cieszyński, called the project “the largest foreign investment in the history of Poland.” Its value is estimated at USD 4.6 billion (PLN 18.72 billion).
Joe Biden’s political move. He fights for voters
The support plan for Intel was announced during Joe Biden’s visit to Arizona. The place is not accidental. The state saw a tight battle between him and Donald Trump in the 2020 election. Joe Biden won against the then president by just over 10,000 votes.
Visits to the so-called swing states and presenting their achievements during them are one of the elements of Joe Biden’s strategy before the November presidential elections, in which he will face Donald Trump again.
Source: Gazeta
Mabel is a talented author and journalist with a passion for all things technology. As an experienced writer for the 247 News Agency, she has established a reputation for her in-depth reporting and expert analysis on the latest developments in the tech industry.
