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Intel CEO optimistic about CHIPS Act’s future after trading texts with JD Vance

X

XYang2023

Active member
Pat Gelsinger

Intel CEO Pat Gelsinger worked closely with the Biden administration to pass the 2022 CHIPS Act. Now, he's hoping to build a similar partnership with the second Trump administration.AP

Intel CEO Pat Gelsinger told employees Friday that he has texted with Vice President-elect JD Vance since the election and that Gelsinger is optimistic that the incoming Trump administration will support efforts to boost the domestic semiconductor industry. While Gelsinger didn’t disclose anything about the exchange with Vance, he said Intel is “starting to lean in on what will be necessary to be successful with the new administration.”

www.oregonlive.com

Intel CEO optimistic about CHIPS Act’s future after trading texts with JD Vance

He said Intel is “starting to lean in on what will be necessary to be successful with the new administration.”
www.oregonlive.com www.oregonlive.com
 
Wow.... Ohio government is both building infrastructure wildly and has no idea how the Chips act works. this is not good

After some great discussions last week in Washington. I am confident and more enthusiastic about Semiconductor Technology In the US.

But someone needs to educate the Ohio people and the new administration on how it actually works and Intel's actual plans.

Good discussion topic over a cold beverage when I'm at IEDM next month....
 
At least from the current perspective, things should move more quickly for Intel due to its support base in Ohio.

1731109152144.png

www.trendforce.com

[News] Battle of the Titans in the Angstrom Era – TSMC’s A16 Competes with Intel’s 14A and Samsung’s SF1.4 | TrendForce News

TSMC unveiled its angstrom-class A16 advanced process during the Company’s 2024 North America Technology Symposium on April 25, set to be mass-produce...
www.trendforce.com www.trendforce.com

www.daytondailynews.com

Intel announces delay in completion of $20 billion Ohio computer chip plant

The completion of Intel’s $20 billion chip manufacturing plant in New Albany has been pushed back due to demands and the business climate, according to the company and media reports.
www.daytondailynews.com www.daytondailynews.com
 
KevinK said:
The state of Wisconsin and the local authorities invested about a half a billion dollars in infrastructure in advance of the Trump-sponsored, proposed $10B Foxconn / 13K jobs factory near Racine, before they Foxconn greatly downsized their investment and employment plan. So contingent payments for buildout is way to go.

en.wikipedia.org

Wisconn Valley Science and Technology Park - Wikipedia

en.wikipedia.org en.wikipedia.org
Click to expand...
Wondering if Foxconn is regretting it now.
 
XYang2023 said:
At least from the current perspective, things should move more quickly for Intel due to its support base in Ohio.

View attachment 2446
www.trendforce.com

[News] Battle of the Titans in the Angstrom Era – TSMC’s A16 Competes with Intel’s 14A and Samsung’s SF1.4 | TrendForce News

TSMC unveiled its angstrom-class A16 advanced process during the Company’s 2024 North America Technology Symposium on April 25, set to be mass-produce...
www.trendforce.com www.trendforce.com

www.daytondailynews.com

Intel announces delay in completion of $20 billion Ohio computer chip plant

The completion of Intel’s $20 billion chip manufacturing plant in New Albany has been pushed back due to demands and the business climate, according to the company and media reports.
www.daytondailynews.com www.daytondailynews.com
Click to expand...
Ohio is not planning on shipping wafers out for a while (2028). Lets see if Intel delivers on 18A before we declare "mission accomplished".

Reminder: the Angstrom era was announced by Pat in 2021 as beginning with Intels 20A process.
 
MKWVentures said:
Wow.... Ohio government is both building infrastructure wildly and has no idea how the Chips act works. this is not good
After some great discussions last week in Washington. I am confident and more enthusiastic about Semiconductor Technology In the US.
But someone needs to educate the Ohio people and the new administration on how it actually works and Intel's actual plans.

Good discussion topic over a cold beverage when I'm at IEDM next month....
Click to expand...

I will see you there...... We have an IEDM podcast coming up next week. It is going to be a great conference!
 
It's questionable if Intel will have any good people still left by the end of next year, much less by 2028.
 
Can someone share more information on what Intel and Commerce Department can't agree? I can't tell if those holdouts will go away after the new Trump administration is in charge next year. Other than Trump, I think most Trump's cabinet members have higher political inspirations. They need to be careful the CHIPS Act grants to Intel won't become a serious baggage in their future political career if those issues are already pointed out by the Biden administration.
 
Additionally, based on various indications, 18A is progressing well. Intel is currently preparing Fab 52 and Fab 62. In the US, Intel is expected to be ahead of or on par with TSMC in terms of manufacturing processes by 2025 and 2026. That is my understanding.
 
hist78 said:
Can someone share more information on what Intel and Commerce Department can't agree? I can't tell if those holdouts will go away after the new Trump administration is in charge next year. Other than Trump, I think most Trump's cabinet members have higher political inspirations. They need to be careful the CHIPS Act grants to Intel won't become a serious baggage in their future political career if those issues are already pointed out by the Biden administration.
Click to expand...
abc6onyourside.com

Intel dropped from the Dow and still without CHIPS Act funding

Intel has lost its spot in the Dow Jones Industrial Average after being there for 25 years. The company replaced by software company Nvidia.The news comes as c
abc6onyourside.com abc6onyourside.com
 
meo9725 said:
It's questionable if Intel will have any good people still left by the end of next year, much less by 2028.

hist78 said:
How so? Thanks.
Click to expand...

Not true at all. Your welcome.

The biggest problem I have seen inside Intel for many years is that they have too many meetings and too many people that have analysis paralysis. Broadcom had a similar situation which Hock Tan took care of immediately. Pat G must fix this. Hold every employee accountable and really it is just refining job descriptions and holding them to it. The human element sometimes gets lost in the complexity of Silicon Valley, my experience.
 
Daniel Nenni said:
meo9725 said:
It's questionable if Intel will have any good people still left by the end of next year, much less by 2028.



Not true at all. Your welcome.

The biggest problem I have seen inside Intel for many years is that they have too many meetings and too many people that have analysis paralysis. Broadcom had a similar situation which Hock Tan took care of immediately. Pat G must fix this. Hold every employee accountable and really it is just refining job descriptions and holding them to it. The human element sometimes gets lost in the complexity of Silicon Valley, my experience.
Click to expand...
Do you think Intel should reduce its reliance on consulting firms like McKinsey? Intel managers should be capable of understanding the company's challenges internally. In my opinion, relying on external analysts to evaluate issues shouldn’t be the primary approach.

www.intel.com

Safroadu (Saf) Yeboah-Amankwah

Safroadu (Saf) Yeboah-Amankwah is senior vice president and chief strategy officer (CSO) at Intel Corporation.
www.intel.com www.intel.com
 
hist78 said:
This Ohio ABC TV report didn't explain what exactly Intel and Commerce Department can't agree.
Click to expand...
According to the PMT:

"The award amounts are subject to due diligence and negotiation of a long-form term sheet and award documents and are conditional on the achievement of certain milestones and remain subject to availability of funds. After the PMT is signed, the Department begins a comprehensive due diligence process on the proposed projects and continues negotiating or refining certain terms with the applicant."
 
Fred Chen said:
According to the PMT:

"The award amounts are subject to due diligence and negotiation of a long-form term sheet and award documents and are conditional on the achievement of certain milestones and remain subject to availability of funds. After the PMT is signed, the Department begins a comprehensive due diligence process on the proposed projects and continues negotiating or refining certain terms with the applicant."
Click to expand...
According to Reddit
https://www.reddit.com/r/hardware/comments/1fcvd2z
the officials are delaying payments because Intel is not giving them required information on its manufacturing road map.
 
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