Arab Press

بالشعب و للشعب
Thursday, Mar 28, 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

Arab Press
0:00
0:00
Close
China Criticizes US for Vetoing UN Ceasefire Resolution in Gaza
Saudi Arabia ranks first in UN index for e-government services in MENA
Israel Records 20% Drop In GDP, War In Gaza Is The Reason
Saudi Arabia's FDI Inflows Grow with New International Standards
Venture Capitals Power Up Across MENA Region
PM Modi Announces Opening Of New CBSE Office In Dubai
January Funding for MENA Startups Totals $86.5 Million
Saudi Arabia accelerates digital economy growth through Nvidia partnership
Israel unveils tunnels underneath Gaza City headquarters of UN agency for Palestinian refugees
Israel deploys new military AI in Gaza war
Egypt threatens to suspend key peace treaty if Israel pushes into Gaza border town, officials say
Saudi Arabia Warns Of A "Humanitarian Catastrophe" If Israel Moves On Rafah
US University To Shut Qatar Campus Due To "Heightened Mideast Instability"
Facebook and Instagram Ban Iran's Supreme Leader
Defense Technology Showcase Held in Riyadh
Saudi Arabia’s non-oil exports rise 2.5% to $6bn in November 2023: GASTAT
Rolls-Royce Executive Encourages Saudi Women to Tap into Their Inner 'Superhero' for Success in Defense Industry
Saudi Arabia launches National Academy of Vehicles and Cars
Saudi Tourism Minister Reveals Plan for 250,000 New Hotel Rooms by 2030
SAR to more than double eastern network passenger capacity with new trains deal
Saudi Arabia Enhances National Defense with New Partnerships
Saudi Aramco Maintains Arab Light Crude Pricing to Asia for March
NEOM Establishes New York Office to Support Investors
Saudi Wealth Fund Draws in Over $25 Billion Worth of Investments in Three Years, Al-Rumayyan Reveals
The Saudi Kingdom's Ultimatum to Israel: A Win-Win Peace with Saudi Arabia and the Arab World, or a Lose-Lose Continued Occupation and Endless Conflict
Biden condemns anti-Arab hate after WSJ opinion piece calls Dearborn ‘jihad capital’
Turkey Releases Seven Hostages Captured by Pro-Gaza Gunman
Arab Parliament Commends Women's Contributions to Societal Development
British and Hungarian Foreign Ministers visited Lebanese leaders to stress the importance of enacting UN Resolution 1701
Yemen's Houthis Say They Targeted British Merchant Vessel In Red Sea
Donald Trump Nominated for Nobel Peace Prize for 'Historic' Middle East Policy
US lawmakers approve F-16 jet sale to Turkey following NATO expansion support
Saudi Arabia Climbs 25 Places in World Bank's National Statistics Indicator
Tourism Growth in Saudi Arabia Fuels Advancements in the Hospitality Industry," Says Rotana Official
Houthi Rebels Request Departure of UN Staff from Yemen, Including US and UK Personnel, within a Month
Modi Inaugurates Hindu Temple on Site of Demolished Mosque in India
Over 25,000 Deaths in Gaza Amid Israeli Offensive
Escalating Clashes in Gaza as Israel Distributes Leaflets to Assist in Locating Hostages
Turkey's First Astronaut Set to Launch for International Space Station Today
Head of Palestinian Investment Fund Warns More People May Die of Hunger Than War in Gaza
Palestinian Envoy Criticizes UK for Alleged 'Double Standards' in Policies Toward Israel
Morocco to Lead UN Human Rights Council in 2024
Is artificial intelligence the solution to cyber security threats?
Egypt has been identified as the leading military force among Arab nations and ranks 15th globally
The AI Revolution in the Workforce: CEOs at Davos Predict Major Job Cuts in 2024
Iranian Nobel Laureate Narges Mohammadi Receives Additional Prison Sentence
"Gazans Urge Israeli Forces to Target Hamas in Leaked Audio"
Biden States US and UK Airstrikes on Houthis Were a 'Defensive Action
Large Pro-Palestine Rally in London as Gaza Conflict Hits Day 100
South Africa Urges World Court to Halt Israeli Actions in Gaza
×