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+--- Thread: White House spurns Intel's plan to boost chip production in China (/Thread-White-House-spurns-Intel-s-plan-to-boost-chip-production-in-China)
White House spurns Intel's plan to boost chip production in China - Levin - 15-11-2021
PUBLISHED NOV 13, 2021, 11:29 AM SGT
WASHINGTON (BLOOMBERG) - The Joe Biden administration has spurned a plan by Intel to increase production in China over security concerns, dealing a setback to an idea pitched as a fix for US chip shortages
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That production could have been online by the end of 2022, helping ease a global supply crunch.
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When presented with the plan in recent weeks, Biden administration officials strongly discouraged the move, the people said.
The situation underscores the challenges of the chip shortage, which has hobbled the tech and auto industries, cost companies billions in lost revenue and forced plants to furlough workers.
The administration is scrambling to address constraints, but it is also trying to bring production of vital components back to the US - a goal Intel's China plan did not serve.
https://www.straitstimes.com/world/united-states/white-house-spurns-intels-plan-to-boost-chip-production-in-china
RE: White House spurns Intel's plan to boost chip production in China - Stoki - 15-11-2021
Going to drop like sheet?