Intel CEO Urges Moving Chip Production to U.S. and Europe
CEO Pat Gelsinger says government funding is needed to address an overconcentration of production in Asia.

Intel
Intel Corp CEO Pat Gelsinger urged the U.S. and Europe to continue efforts to bring back chip manufacturing. He says government funding is needed to address an overconcentration of production in Asia.
The ongoing chip shortage has affected everything from cars to iPhones. It also highlighted the lack of production outside of Asia. Increasing tensions with China also have put pressure on U.S. lawmakers to restore local manufacturing.
Gelsinger said Intel will soon announce expansion plans for its manufacturing in the U.S. and Europe. According to Bloomberg, the chipmaker also plans to build a production base in Germany and other facilities in Italy and France. Its next domestic factory will be in the Columbus, Ohio, area, according to Cleveland.com.
In December, executives from over 50 U.S. companies asked Congressional leaders to pass legislation that provides $52 billion in grants and incentives for domestic chip production. They also expressed support for a separate bill to encourage semiconductor design and manufacturing. The legislation remains stalled.
Intel sells processors to companies in China and recently proposed using a factory in Chengdu, China, to step up production of silicon wafers, but the Biden Administration blocked that plan.
Originally posted on Auto Dealer Today
More Industry

Achromatic Autos
The shades that dominate the U.S. car market don’t call attention to themselves, though grayscale may have plateaued after a 30-year upswing, research shows.
Read More →
Used-Vehicle Affordability Worsens
Listing prices in August defied seasonal trends, rising above $27,000 for the second time this year.
Read More →
First-Half Dealership Deals Up
Buy-sell activity shows that acquirers are looking for value and scale as many retailers seek to leave an increasingly competitive and complex market, Kerrigan Advisors reports.
Read More →
Kia Closes Out Summer With a Bang
Its U.S. subsidiary broke multiple records in August, in part due to a surge of demand for hybrids models.
Read More →
Indiana Dealership Changes Hands
A 30-year-old Ford dealership in Indiana has a new owner and will soon be undergoing renovations to meet manufacturer requirements.
Read More →
Texas Dealership No Longer in the Family
The Ford store, a longtime cornerstone of the Houston market, is now part of one of the fastest-growing U.S. auto groups.
Read More →
Genesis Grows California Presence
The Cardinale Automotive Group opened its third Genesis rooftop in the Golden State, Genesis of San Bruno, a stand-alone dealership serving the San Francisco Bay Area.
Read More →
August Auto Sales a Mixed Bag
An early forecast shows strong business despite consumer hurdles, and hybrids are a big piece of their affordability coping strategy.
Read More →
EV Market Humming Along
July sales show steady growth as the segment stabilizes from last year’s artificial surge following pullback of federal support.
Read More →
Auto Loan Delinquency Rates Stabilize
Auto loans are a main driver of nonmortgage consumer debt, but delinquency rates stabilized in the second quarter across all credit risk tiers.
Read More →