During the pandemic, world automakers, among others, have a problem with the lack of semiconductors. Volkswagen, General Motors, Ford, Renault, Toyota, Fiat Chrysler and Nissan had to stop or interrupt production due to supply outages.
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Intel has dominated chip manufacturing for decades, but has recently become lagging behind Asian competitors. Ever since Apple introduced its first smartphone, it has struggled to move from personal computers to mobile devices. Intel is still profitable, but the biggest boom of the PC era is long overdue, the AP agency said. Apple dealt him another blow last year when he announced that he would use his own chips for his Macs.
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Gelsinger also said on Tuesday that he will also announce capacity expansion in Europe in the coming months. Shares of Intel rose more than three percent after Tuesday’s announcement.
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Intel is one of the last few companies to design and manufacture chips. Competitors Qualcomm and Apple have the designed chips manufactured by contractual partners.
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According to Reuters, Intel’s move will help balance the technological balance in the world and strengthen Europe and the United States. Due to tensions with China, governments on both continents began to fear the concentration of chip production in Taiwan.
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