Making Chips in America: Fireside Chat with Keith Krach & Pat Gelsinger | Concordia Annual Summit
Concordia
The top factories that manufacture chips are based in Asia, and U.S. government officials have been pushing to increase manufacturing on American soil for industries like defense, as well as to hedge against possible geopolitical events that could cut off U.S. chip supplies. Keith Krach and Intel CEO Pat Gelsinger talked about Krach’s historic efforts as Under Secretary of State to secure the semiconductor supply chain, resulting in the largest onshoring in U.S. History and the catalyst for $350B investment in U.S. Chip Industry and the $250B bipartisan Senate-approved USICA bill for research funding in top national security technologies.
Earlier this year, Intel announced that it would invest $20 billion in new semiconductor factories, called fabs, in Arizona. Intel also announced they will become a foundry, or a company that manufactures other companies’ chips for them. Join this session to hear directly from Intel CEO Pat Gelsinger and Keith Krach, Chair of CTDP Advisory Board and former U. S. Under Secretary of State, on how they envision moving the production and the supply of semiconductors back on American soil by American companies.
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Biggest Onshoring in US History Will Rebuild America’s Chip Industry: Fmr Under Sec. of State Krach
In 2020, the world's largest and most advanced chip maker, Taiwan Semiconductor Manufacturing Company (TSMC), announced a plan to build a 12 billion dollar plant in Arizona. Where they will produce 3 nanometer chips. This is the largest onshoring in U.S. history.