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Intel in Lead to Get Billions for Secure Defense-Chip Facilities

Livemint

Livemint · 1y ago

Intel in Lead to Get Billions for Secure Defense-Chip Facilities

Intel is reportedly the front-runner to receive billions of dollars in government funding for secure microchip facilities dedicated to U.S. military and intelligence applications. The facilities, referred to as "secure enclaves," aim to decrease reliance on chips imported from East Asia and address concerns about vulnerability to Chinese invasion. This initiative is part of the Biden administration's Chips Act, with estimated facility costs ranging from $3 billion to $4 billion. However, concerns have been raised over the potential monopoly Intel could gain and the exclusion of other chip manufacturers from receiving funding.

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The rise and decline of Intel

Economic Times

Economic Times · 10m ago

The rise and decline of Intel

Intel CEO Pat Gelsinger took over a struggling company that had lost its edge in manufacturing and market share to rivals in the mobile phone and AI chip markets. Intel's history dates back to its introduction of the first commercially made programmable microprocessor in 1971. They later became a staple in the personal computing industry and were added to the Dow Jones Industrial Average. However, Intel missed out on opportunities in the mobile phone boom and faced legal disputes and antitrust scrutiny. They also struggled with manufacturing setbacks and increased competition. Under Gelsinger's leadership, Intel aims to transform into a producer of chips for other companies, investing billions in manufacturing facilities and cutting jobs to turn around their money-losing business.

US considering more than $10 billion in subsidies for Intel as part of CHIPS act to secure domestic semiconductor manufacturing

Techradar

Techradar · 1y ago

US considering more than $10 billion in subsidies for Intel as part of CHIPS act to secure domestic semiconductor manufacturing

The US Government is considering providing $10 billion worth of subsidies to Intel to secure domestic semiconductor manufacturing. Currently, most semiconductors used in the US are manufactured in areas vulnerable to Chinese interference. The CHIPS Act has allocated $53 billion to secure domestic semiconductor production, with Intel planning to use potential subsidies to expand manufacturing in Arizona and New Mexico. Intel is also planning to construct a chip factory in Ohio, which will be the world's largest, but completion may be delayed until 2026. This move has drawn criticism for not diversifying semiconductor suppliers sufficiently.

Sam Altman seeks to raise billions for network of AI chip factories

Economic Times

Economic Times · 1y ago

Sam Altman seeks to raise billions for network of AI chip factories

Sam Altman, the former president of Y Combinator, is reportedly working to raise billions of dollars to build a network of AI chip factories. Altman aims to compete with major chipmakers like Intel and Nvidia by manufacturing state-of-the-art AI chips at a more affordable price point. The project is still in its early stages, but it could potentially disrupt the current landscape of the AI chip industry.

Nvidia CEO says company has not been asked to buy a stake in Intel

Economic Times

Economic Times · 5m ago

Nvidia CEO says company has not been asked to buy a stake in Intel

Nvidia CEO Jensen Huang clarified that the company was not approached to join a consortium to buy a stake in Intel. This follows reports suggesting a possible consortium involving Taiwan Semiconductor Manufacturing Co. Nvidia remains focused on meeting chip demand, especially from Meta Platforms. Huang addressed investor concerns about AI chip demand and potential shifts to U.S. production due to tariffs. Nvidia's collaboration with TSMC in Arizona is ongoing, and new chip facilities are planned.

Intel, AMD fall on report China blocks U.S. chips in state computers

Reuters · 1y ago

Intel, AMD fall on report China blocks U.S. chips in state computers

Shares of Intel and Advanced Micro Devices (AMD) dropped by over 2% following reports that China will limit the use of their chips and servers in government computers. This move could potentially impact billions of dollars in sales for the US companies, as China is Intel's largest market and accounts for a significant portion of AMD's sales. Analysts predict that a total cessation of China's governmental purchases of Intel and AMD CPUs could lead to a revenue hit of up to $1.5 billion for Intel and a few hundred million dollars for AMD. Microsoft, whose revenue from China is not disclosed separately, also saw a slight decline in its shares.

AI chip manufacturing subsidy leaves US officials with tough choices

Reuters · 1y ago

AI chip manufacturing subsidy leaves US officials with tough choices

The US government is set to provide around $30 billion in subsidies for advanced semiconductor manufacturing to bring AI chip development and manufacturing to American soil. However, allocating the funds to overseas leader Taiwan Semiconductor Manufacturing (TSMC) or to Intel, a domestic company with promising turnaround efforts, poses a challenge. Additionally, the rapidly evolving nature of AI chips means there is no guarantee that subsidies provided today will secure future AI chip development. Intel, TSMC, and Samsung are all likely to receive some degree of US subsidies, but the precise allocation remains uncertain.

Samsung to get $6-7 billion in chip subsidy next week for Texas expansion

Economic Times

Economic Times · 1y ago

Samsung to get $6-7 billion in chip subsidy next week for Texas expansion

The Biden administration is set to award a subsidy of $6-7 billion to Samsung to expand chip output in Texas. The funds will go towards constructing four facilities in Taylor, including a $17 billion chipmaking plant. This investment will double Samsung's U.S. investment to over $44 billion. The aim is to boost domestic chip production and reduce reliance on China and Taiwan. The subsidy follows similar grants awarded to TSMC and Intel for chip production expansion in Arizona. The announcement is expected to be made by Commerce Department Secretary Gina Raimondo.

Intel continues to pull back on its manufacturing projects | TechCrunch

TechCrunch · 1m ago

Intel continues to pull back on its manufacturing projects | TechCrunch

Intel is refining its operations by canceling or delaying multiple manufacturing projects, including facilities in Germany and Poland, and consolidating test operations in Vietnam and Malaysia. Under CEO Lip-Bu Tan, Intel aims to reduce inefficiencies and streamline its processes. The company also plans further delays to its Ohio chip factory project. Workforce reductions include a 15% layoff, reducing management layers significantly. These actions align with Intel's strategic focus on efficiency and accountability.

Intel nears $11 billion deal with Apollo for Ireland facility: report

Economic Times

Economic Times · 1y ago

Intel nears $11 billion deal with Apollo for Ireland facility: report

Intel is reportedly in advanced discussions with Apollo Global Management for a deal that would see Apollo provide over $11 billion to help construct a chip factory in Ireland. Intel aims to enhance its manufacturing business and compete with TSMC by boosting its presence in the US through a planned $100 billion investment across multiple states. Intel and Apollo are currently engaged in exclusive talks, and a deal could be finalized in the next few weeks. Other companies like KKR and Stonepeak were also considered before Apollo took the lead. Intel has not provided any comment on the matter yet.

The Trump-Intel Deal Is Official

Wired · 6d ago

The Trump-Intel Deal Is Official

The U.S. government is investing $8.9 billion in Intel for a 9.9% equity stake, facilitated by grants from the 2022 CHIPS Act and Secure Enclave program. The deal aims to boost Intel and domestic chip production, reflecting a strategic move to reduce reliance on China. Legal experts question the choice of common stock over preferred, citing potential lost benefits. The investment marks an unusual public-private partnership, attracting comments on its impact and strategy.

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