Key Points
Intel Corp. and Micron Technology Inc. are planning to spend billions of dollars on new chip plants outside of the US, highlighting a global race to diversify supplies of critical components amid tensions with China...
Intel Chief Executive Officer Pat Gelsinger flew to Wroclaw, Poland, to announce a new $4.6 billion chip facility in the 1,000-year-old university town, marking a record US investment in the country..
Micron is close to an agreement to commit at least $1 billion toward setting up a semiconductor packaging factory in India, people familiar with the matter said.. Washington is seeking to strengthen key supply chains outside of China as it works to contain Beijings geopolitical ambitions..
Intel is set to get nearly 10 billion in subsidies from the German government for a chipmaking complex in the eastern part of the country, according to people familiar with the matter who said negotiations on the aid will run through the weekend...
If all these plans become reality, a lot will come together here.. Scholz will host Intels Gelsinger at an event in Berlin on Monday.. Micron on Friday also announced it would be plowing another $600 million into an existing packaging facility in central China at a time when Beijing has banned its chips from critical domestic infrastructure..
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