Bahama Times

Saturday, Apr 20, 2024

Inside Intel’s $20B Arizona investment: A plan to reclaim America’s semiconductor dominance

Inside Intel’s $20B Arizona investment: A plan to reclaim America’s semiconductor dominance

America's reliance on semiconductors from overseas hurts national security, Intel exec says

Intel’s push to reclaim American dominance in the semiconductor market is a matter of national security, according to a top company executive.

"If that semiconductor is being built overseas and potentially in an area with geopolitical risk, that puts the entire supply chain at risk, that creates potential national security issues for us," Todd Brady, Intel’s vice president of public affairs and sustainability, told Fox News.

The U.S. share of chip manufacturing dropped from 37% in 1990 to just 12% in 2021, according to the Semiconductor Industry Association. Asia is home to about 75% of the world’s total semiconductor manufacturing capacity.

Intel Ocotillo Campus in Chandler, Arizona


"Semiconductors are embedded in everything, and going forward will be even more so," Brady said. "As a result, there is a significant need for more and more capacity for semiconductors and electronic devices."

At the center of the American chipmaker’s plan to surpass its rivals by 2025 is a $20 billion investment in two new factories in Arizona. Intel also recently announced manufacturing investments in New Mexico, Oregon, Costa Rica, Israel and Ireland.


"Arizona is a great place to do business," Brady said. "We’ve been here for 40 years. We have great talent here."

"Great community that supports us, and we strongly believe as a company to invest in the U.S.," he continued. "We are a U.S.-based company, over half of our manufacturing is here in the U.S., this added $20 billion investment is more of our commitment to investing in the United States."

The project is the largest private sector investment in Arizona’s history, nearly twice as much as the $12 billion state budget.

Construction site for two new Intel factories in Chandler, Arizona


"Intel has been in Arizona for a long time," Arizona Gov. Doug Ducey, a Republican, told Fox News. "I think they see it as a great environment with a great ecosystem."

Taiwan Semiconductor also recently started construction on a $12 billion manufacturing facility in Arizona, with production targeted to begin in 2024.

Arizona Gov. Doug Ducey


Semiconductor manufacturing employs more than 22,000 people in the Grand Canyon State, according to the Arizona Commerce Authority. Arizona competes with states like California and Texas to attract semiconductor manufacturing.

"We've been doing economic development in Silicon Valley for some time, telling them they'll have lower taxes, lighter regulation and a better quality of life if they come to the state of Arizona," Ducey said.

Supply chain issues and a global shortage of semiconductor chips accelerate the need to "repatriate" manufacturing, according to the governor.

"We are in a competition with China. We are in an alliance and partnership with Taiwan," Ducey told Fox News. He said he hoped manufacturing would boom in the U.S. – ideally in Arizona – or at least in Mexico or Canada to prevent future supply chain disruptions, particularly as a result of disasters like a pandemic or foreign conflict.

Newsletter

Related Articles

Bahama Times
0:00
0:00
Close
Paper straws found to contain long-lasting and potentially toxic chemicals - study
FTX's Bankman-Fried headed for jail after judge revokes bail
Blackrock gets half a trillion dollar deal to rebuild Ukraine
Israel: Unprecedented Civil Disobedience Looms as IDF Reservists Protest Judiciary Reform
America's First New Nuclear Reactor in Nearly Seven Years Begins Operations
Southeast Asia moves closer to economic unity with new regional payments system
Today Hunter Biden’s best friend and business associate, Devon Archer, testified that Joe Biden met in Georgetown with Russian Moscow Mayor's Wife Yelena Baturina who later paid Hunter Biden $3.5 million in so called “consulting fees”
Singapore Carries Out First Execution of a Woman in Two Decades Amid Capital Punishment Debate
Google testing journalism AI. We are doing it already 2 years, and without Google biased propoganda and manipulated censorship
Unlike illegal imigrants coming by boats - US Citizens Will Need Visa To Travel To Europe in 2024
Musk announces Twitter name and logo change to X.com
The politician and the journalist lost control and started fighting on live broadcast.
The future of sports
Unveiling the Black Hole: The Mysterious Fate of EU's Aid to Ukraine
Farewell to a Music Titan: Tony Bennett, Renowned Jazz and Pop Vocalist, Passes Away at 96
Alarming Behavior Among Florida's Sharks Raises Concerns Over Possible Cocaine Exposure
Transgender Exclusion in Miss Italy Stirs Controversy Amidst Changing Global Beauty Pageant Landscape
Joe Biden admitted, in his own words, that he delivered what he promised in exchange for the $10 million bribe he received from the Ukraine Oil Company.
TikTok Takes On Spotify And Apple, Launches Own Music Service
Global Trend: Using Anti-Fake News Laws as Censorship Tools - A Deep Dive into Tunisia's Scenario
Arresting Putin During South African Visit Would Equate to War Declaration, Asserts President Ramaphosa
Hacktivist Collective Anonymous Launches 'Project Disclosure' to Unearth Information on UFOs and ETIs
Typo sends millions of US military emails to Russian ally Mali
Server Arrested For Theft After Refusing To Pay A Table's $100 Restaurant Bill When They Dined & Dashed
The Changing Face of Europe: How Mass Migration is Reshaping the Political Landscape
China Urges EU to Clarify Strategic Partnership Amid Trade Tensions
Europe is boiling: Extreme Weather Conditions Prevail Across the Continent
The Last Pour: Anchor Brewing, America's Pioneer Craft Brewer, Closes After 127 Years
Democracy not: EU's Digital Commissioner Considers Shutting Down Social Media Platforms Amid Social Unrest
Sarah Silverman and Renowned Authors Lodge Copyright Infringement Case Against OpenAI and Meta
Italian Court's Controversial Ruling on Sexual Harassment Ignites Uproar
Why Do Tech Executives Support Kennedy Jr.?
The New York Times Announces Closure of its Sports Section in Favor of The Athletic
BBC Anchor Huw Edwards Hospitalized Amid Child Sex Abuse Allegations, Family Confirms
Florida Attorney General requests Meta CEO's testimony on company's platforms' alleged facilitation of illicit activities
The Distorted Mirror of actual approval ratings: Examining the True Threat to Democracy Beyond the Persona of Putin
40,000 child slaves in Congo are forced to work in cobalt mines so we can drive electric cars.
BBC Personalities Rebuke Accusations Amidst Scandal Involving Teen Exploitation
A Swift Disappointment: Why Is Taylor Swift Bypassing Canada on Her Global Tour?
Historic Moment: Edgars Rinkevics, EU's First Openly Gay Head of State, Takes Office as Latvia's President
Bye bye democracy, human rights, freedom: French Cops Can Now Secretly Activate Phone Cameras, Microphones And GPS To Spy On Citizens
The Poor Man With Money, Mark Zuckerberg, Unveils Twitter Replica with Heavy-Handed Censorship: A New Low in Innovation?
Unilever Plummets in a $2.5 Billion Free Fall, to begin with: A Reckoning for Misuse of Corporate Power Against National Interest
Beyond the Blame Game: The Need for Nuanced Perspectives on America's Complex Reality
Twitter Targets Meta: A Tangle of Trade Secrets and Copycat Culture
The Double-Edged Sword of AI: AI is linked to layoffs in industry that created it
US Sanctions on China's Chip Industry Backfire, Prompting Self-Inflicted Blowback
Meta Copy Twitter with New App, Threads
The New French Revolution
BlackRock Bitcoin ETF Application Refiled, Naming Coinbase as ‘Surveillance-Sharing’ Partner
×