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Intel acknowledges critical Department of Commerce efforts to address chip shortages

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By Bruce H. Andrews, Chief Government Affairs Officer, Intel

“Alarming” is right. Today, Secretary of Commerce Gina Raimondo put a spotlight on the fragile supply chain for semiconductors in a report on the alarming shortage of chips. The Commerce Department report identified the number one issue as “insufficient fab capacity.” Intel thanks President Biden and Secretary Raimondo for their continued leadership on addressing the semiconductor shortage, and for highlighting the urgent need to improve supply chain constraints in the semiconductor industry.

Last week, Intel committed $20 billion to fund the construction of two new leading-edge chip factories in Ohio with plans to invest up to $100 billion in the site over time. In September, we broke ground on two new leading-edge manufacturing facilities in Arizona, investing $20 billion in advanced semiconductor manufacturing and new foundry capacity. In May, we announced a $3.5 billion investment in New Mexico for advanced packaging facilities. As the American leader in semiconductor production, Intel is doing its part to support domestic semiconductor manufacturing.

We join Secretary Raimondo, President Biden and bipartisan leaders in Congress in calling for swift Congressional action to fund the CHIPS Act to protect our national and economic security and re-establish US technology leadership.