Thursday, October 7th 2021
Intel CEO Cites Brexit as Reason for Chip Fab Plans in UK Not an Option
In an interview with the BBC, Intel CEO Pat Gelsinger said that the company is no longer considering the UK as a site for a chip fab, due to Brexit, something the company had apparently done prior to Brexit. Now the company is looking for a location in another EU country for a US$95 billion investment for a new semiconductor plant, as well as upgrades to its current plants in Ireland.
Although Intel had not made any firm decisions on a site location prior to Brexit, Gelsinger is quoted as saying "I have no idea whether we would have had a superior site from the UK, but we now have about 70 proposals for sites across Europe from maybe 10 different countries." He continues "We're hopeful that we'll get to agreement on a site, as well as support from the EU... before the end of this year."Gelsinger also talked about the current chip production imbalance in the world, pointing out that the US only produces some 12 percent of the world's semiconductors, whereas Samsung and TSMC combined, account for nearly 70 percent of the global supply. As such, Intel, as well as US and European politicians want to see a shift towards more locally produced semiconductors. Much of this is in the name of national security, but then you'd expect there to be a push for a lot more things to be produced locally in addition to just semiconductors.
There's no doubt that Intel's new-ish CEO likes to make bold statements, as he's quoted saying "This is an industry that we created in the US, Intel's the company that puts silicon into Silicon Valley," when asked if Intel can maintain its leading edge versus its Asian competitors. In all fairness, he continues "But we realise these are good companies, they're well capitalised, they're investing, they're innovating together. So we have to re-earn that right of unquestioned leadership."
In the same interview, he states that he's not expecting the current chip shortage to stabilise until 2023, although things should apparently improve come next year. In other words, expect a lot of soft packages from Santa this year and maybe even next year.
Source:
BBC News
Although Intel had not made any firm decisions on a site location prior to Brexit, Gelsinger is quoted as saying "I have no idea whether we would have had a superior site from the UK, but we now have about 70 proposals for sites across Europe from maybe 10 different countries." He continues "We're hopeful that we'll get to agreement on a site, as well as support from the EU... before the end of this year."Gelsinger also talked about the current chip production imbalance in the world, pointing out that the US only produces some 12 percent of the world's semiconductors, whereas Samsung and TSMC combined, account for nearly 70 percent of the global supply. As such, Intel, as well as US and European politicians want to see a shift towards more locally produced semiconductors. Much of this is in the name of national security, but then you'd expect there to be a push for a lot more things to be produced locally in addition to just semiconductors.
There's no doubt that Intel's new-ish CEO likes to make bold statements, as he's quoted saying "This is an industry that we created in the US, Intel's the company that puts silicon into Silicon Valley," when asked if Intel can maintain its leading edge versus its Asian competitors. In all fairness, he continues "But we realise these are good companies, they're well capitalised, they're investing, they're innovating together. So we have to re-earn that right of unquestioned leadership."
In the same interview, he states that he's not expecting the current chip shortage to stabilise until 2023, although things should apparently improve come next year. In other words, expect a lot of soft packages from Santa this year and maybe even next year.
110 Comments on Intel CEO Cites Brexit as Reason for Chip Fab Plans in UK Not an Option
So long fabs.
Besides, that would create an unbalance in the PS5 models, as some would be equipped with 3nm and others with 7 nm. The younger generation can be full of idiots too.
Prior to brexit I could order goods from any EU country as if I was buying from the UK, Even shipping costs were similar.
Now its claimed to be tariff free, but I have to pay VAT twice, import fees to the courier, and possible import duty depending on the product.
There is a clear aim here to drag uncompetitive British companies out of the mire by having them not need to compete with EU businesses for trade.
Some EU traders have stopped selling to the UK altogether, as they now consider it too much hassle.
Why would a manufacturing plant that distributes around the EU, be placed in the UK, everything in and out is subject to border control, its just too much hassle for any business, so the news is no surprise.
That I think was the overlooked win for Intel with RocketLake - the chip sucked sure. But the processes that they developed to move designs across nodes are going to be hugely important to them especially servicing new customers. Great video about this here:
Rocket Lake is a Success for Intel - YouTube
The 50.0001% choice you mentioned is exactly why brexit happened. I believe people should not be asked, or even allowed to vote on matters that they have no chance to acquire adequate knowledge about, especially if it's a "yes or no" kind of thing. The neighbour's grass is always greener, so the results of such polls are manipulated and easily predictable. As an IT analogy, if you'd asked people "is AMD shit?" 5 years ago, the majority would have said yes. If you ask people "is Intel shit?" right now, the majority will say yes. Some will say no, of course, but not many will say "well, it depends" or "let me elaborate on that". Few have the perspective and critical thinking skills to realise that the truth isn't black or white.
My opinion might not be very popular in the 21st century, but I think democracy as a political system is a failure on its own because 1. it gives power to common people who are inherently stupid and vote for people/parties of their own likeness, aka. just as stupid as they themselves, and 2. it puts disagreeing parties into temporary power, essentially allowing them the chance to get rich on state money in a short period of time, then F off without any responsibility for their actions. There's so many statesmen in a country that you don't even see where all the money disappears, or who's fault this or that bad decision is. I wouldn't want to live in the middle ages by far, but waring dynasties at least had an interest in staying in power and making sure they left a flourishing kingdom/empire for their children to rule over.
Shock! Horror!
..Quickly followed by the resident TechPower UP Remoaner Twats, saying why a democratic referendum should be ignored....because they know better than the horrid little working class plebs, that don't agree with their self entitled, Middle Class World view.
It's like Spain asking if Intel will invest there. No. It won't. There's no advantage to it. Labor is too expensive and not enough tax relief to bolster the company's bottom line.
There are several countries in the EU that play by their own rules when it comes to taxation (Netherlands and Ireland being two prime examples), and who will always be at an unfair advantage until Brussels forces them to align taxation with the rest of the eurozone. As an EU national, I hope there will one day be a reckoning with side-dealers.
Even AMD only invested in Germany because Germany secured billions from EU and federal financing to build up the economy of former GDR states. That turned out great, right?
Just the latest punching bag for globalists to blame for everyone not following brussels like blind sheep.
Keep in mind that Pat, the current CEO, is from the era of intel using anti competitive business practices against AMD, and recently said "intel is back" with nothing to back it up. The man is full of hot air and isnt afraid to jump on political train to make himself look like the good guy.
www.techspot.com/news/91591-intel-ceo-pat-gelsinger-declares-intel-back-interview.html
13 people in one launch :rockout: iagine if China take Iranian space man to
yes my dear , world is changing,,, taiwan will be own,, Chinese))
simpy why usa can go to war.. becose in debt economy cannot .. even without war will need somebody" in world to buy usa state obligations in 40 trillions in next few years...and there is noobody state in world who want it..)) maybe tools" in brittain :laugh:
deja vu.
www.bbc.com/news/uk-36115138