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Intel CEO Pat Gelsinger said there’s so much turmoil in the world that he wants Intel Foundry to create the “world’s most resilient supply chain.”
He noted 80% of the supply chain is current based in Asia. He said that’s not secure and we need “resilient” supply chains where the technology industries are. He noted that the pandemic, wars in Israel/Gaza and Ukraine, and tension in the straits of Taiwan have made it clear that the world needs a better, stronger, and less vulnerable supply chain as we gear up for the AI economy.
He also noted that for the long term that Intel has to do the “right thing” to make a sustainable supply chains that last. He made the remarks as Intel announced Intel Foundry, a chip manufacturing business that will make chips for all comers, with much of the manufacturing done in the U.S. thanks to strategic subsidies made possible by the U.S. Chips and Science Act.
Intel has $15 billion in deal value worth of customers for Intel Foundry now, Gelsinger said.
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Gina Raimondo, secretary of commerce, said during the event that COVID-19 revealed how vulnerable the tech supply chain was and “we need to get back to work making more chips in America. Bringing back the silicon to Silicon Valley.”
She said we need to get a “massive flywheel” back to America and create hundreds of thousands of research and engineering jobs in the U.S. Gelsinger said Intel hasn’t announced its “chips grant” yet but it will happen soon.
“America is able to out-compete, out-innovate,” Raimondo said. “This is about getting a fly wheel going. Intel is this country’s championship company.”
But she said if that is all we do — build 10 factories — that is a shame. Gelsinger said that Moore’s Law is alive and well.
Gelsinger said that 15% of every economic endeavor is fueled by the digital economy. That will be 30% by 2030.
“We are stewards of the digital economy,” Gelsinger said.
This is perhaps the most nationalistic talk I’ve heard since the Japanese challenge to the chip industry in the 1980s, and it’s probably about time for that.
Microsoft CEO Satya Nadella confirmed that Microsoft will make an AI chip using Intel’s foundry service.
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