In the face of chip shortage, Intel will build factories

Intel shares climbed 6.3% on the US Stock Exchange after the group presented its new strategy for 2021. JUSTIN SULLIVAN GETTY IMAGES NORTH AMERICA / AFP / File

Text by: Myriam Berber

3 min

Faced with the shortage of chips, the American giant Intel will build two semiconductor factories in Arizona.

New Intel boss Pat Gelsinger announces a $ 20 billion investment to speed up chip production.

A strategic sector in the face of Asian competition.

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With its two new factories, Intel will accelerate the production of chips on American soil.

This $ 20 billion investment will create 18,000 jobs.

The objective for the American giant is to strengthen its production capacities, but also to restore its reputation after numerous production delays last year.

Bet succeeded since the Intel share climbed 6.3% after the American group presented its new strategy and its financial objectives for the whole of this year.

Found in our cars, phones and computers, these electronic components are essential for the automotive industry and the high-tech sector.

The pandemic, with containment and the use of telecommuting, has fueled demand for semiconductors.

In 2020,

Intel

broke its revenue record

with $ 78 billion.

Secure supply

Currently, a shortage in Asia is forcing automakers to slow down at their factories around the world.

This is the case for Toyota, Nissan, Honda, Volkswagen, Ford, Fiat Chrysler…. This semiconductor shortage has also caused supply disruptions for the latest generation video game consoles from Sony and Microsoft, the PS5s. and Xbox Series.

Apple has been forced to postpone the launch of its latest phone, the iPhone 12.

This

shortage revealed the dependence of Western countries

on Asian producers.

The industry is concentrated between China, Japan, South Korea and Taiwan, which represent 70% of the world market.

To secure supply chains, Donald Trump led the offensive to have semiconductor factories repatriated to the United States.

In Trump's footsteps, Joe Biden has just signed an executive order to strengthen American sovereignty over the production of these components.

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