Gelsinger: Intel should get more CHIPS Act funding than rivals

Intel should benefit more from the US government's $52 billion CHIPS Act largesse than some other companies building local chip plants because it conducts its R&D Stateside as well, according to CEO Pat Gelsinger. Gelsinger made the remarks at the Aspen Security Forum in Colorado in July, while taking part in a discussion on …

[bazza]

Intel has an audicious plan to get on a par with TSMC by 2025? Well, that's one way of saying "high risk, low probability of success".

Also the selling fish not fishing rods thing. Intel may see it as selling fish, clearly some in the US Gov see a dual use for fish that they're not keen on China being able to benefit from.

[TheWeetabix]

They may not sell the fishing *rods*, but I’m willing to bet thry sell the tacklebox, and some of the fish may still have some hooks in them, at the risk of beating this metaphore to pulp.

[DS999]

They are claiming they will get on par with TSMC in terms of the manufacturing process they use. If they execute on their roadmap they will do that.

Getting on par with TSMC in terms of foundry market share is another matter entirely - it would take until beyond the end of the decade minimum even if they do everything right.

[Howard Sway]

"we want to maximize selling fish"

So now he wants to sell fish & chips?

[mevets]

C-suite metaphores...

where would we be without them? Happier? probably not; mainly feeling less superior to the dolts that 10^6 X our salaries.....

Light a fire for a man; he will be warm for an hour.

Set a man on fire; he will be warm for the rest of his life.

[shs]

May be but...

When Intel was at the top of the world, Intel had huge R&D and core development teams in USA. CA and OR topped processor design and development, while AZ and OR manufacturing & assembly sites cranked out chip$ like no other. Of course, there were many other functions all over the country and the world but "core expertise' was right here in USA.

The question is, are the core functions still in USA or have been shipped overseas? If overseas, what's the plan to bring them back?

Globalization drove huge market opportunities. Worldwide expansion was inevitable. True international expansion means adding more capability to supplement domestic capability to meet increased demand. But too many of our companies "expanded" overseas by shrinking here, both in headcount and manufacturing, In the extreme cases, even core functions moved overseas.

And now we are where we are. Trying to reverse past mistakes with essentially subsidies.

Pat G's return was the best thing that happened to Intel in a long time. Best wishes.

[Strahd Ivarius]

Re: May be but...

"Intel was at the top of the world", and then MBA graduates started ru(i)ning the company...