For several months, the US government has been making a massive injection of capital to attract semiconductor production capacity to its soil. Obviously, Intel benefits from this money unlike its competitor AMD, it has its own manufacturing units. But the funds are also coveted by other companies such as TSMC and Samsung. If the CEO of Intel is very insistent and “open” when it comes to recovering European funds to open a unit in Germany more precisely, he does not hear it with the same ear when it comes to politics. American.
For Intel, US taxes should go to US companies.
Invited to speak on the CHIPS Act at the Aspen Security Forums 2023 where the links between semiconductors and national security were discussed, Pat Gelsinger clearly Express that, from his point of view, Intel should receive a large part of the 52,000 million dollars which constitute the envelope of the CHIPS ACT US. His argument is relatively simple: these millions come from taxes paid by Americans and collected by the US government. Under these conditions, only a US company (including Intel of course) can receive the Lion’s share. Le Pat insists by specifying that the blues are not content to produce in the US but that they also carry out a large part of the R&D in the United States…Unlike its competitors.
“Because all my essential R&D is done here, most of their R&D is done overseas, so I think we should benefit more from that.” (from CHIPS Act funds)«
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Obviously, Samsung and TSMC do not deserve, in this logic, assistance from the American taxpayer. A way to press where it hurts since many US behemoths (AMD, APPLE or Nvidia) use these respectively Korean and Taiwanese companies to manufacture their chips. Customers that Intel would obviously be delighted to recover to amplify its Intel Foundry Services strategy.
An outing that should open the eyes of most candid Europeans on the subject. Because the position of the CEO of Intel is not just a personal opinion, it only reflects the global philosophy that has driven Americans since the dawn of time. Thinking of freeing themselves from the stranglehold of the Chinese and the possible upheavals on Taiwan, the Europeans are in the process of financing the chains that their American masters are going to ask them. In our imagination, let’s not forget that Americans are the good guys…
Watch the conference video here:
2023-08-16 08:14:29
#Intel #money #USA #Overclocking.com
