{"id":129051,"date":"2021-06-16T19:32:52","date_gmt":"2021-06-16T19:32:52","guid":{"rendered":"https:\/\/precoinnews.com\/?p=129051"},"modified":"2021-06-16T19:32:52","modified_gmt":"2021-06-16T19:32:52","slug":"intel-ceo-sees-10-good-years-of-chip-industry-growth","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/business\/intel-ceo-sees-10-good-years-of-chip-industry-growth\/","title":{"rendered":"Intel CEO sees &#x27;10 good years&#x27; of chip industry growth"},"content":{"rendered":"<ul>\n<li>Intel CEO Pat Gelsinger said that he expects 10 &quot;good years&quot; of growth in the semiconductor industry during a panel at CNBC&#x27;s Evolve conference on Wednesday. <\/li>\n<li>The remark suggests that Intel&#x27;s investments in chip production, such as plans to spend $20 billion to build a chip fabrication plant in Arizona, will create capacity that will be used even after the current global microchip shortage abates.<\/li>\n<li>Qualcomm CEO Cristiano Amon said he sees an opportunity to partner with Intel and its foundry service. <\/li>\n<\/ul>\n<p>In this article<\/p>\n<ul>\n<li><span>QCOM<\/span><\/li>\n<li><span>INTC<\/span><\/li>\n<\/ul>\n<p>Intel CEO Pat Gelsinger said that he expects 10 &quot;good years&quot; of growth in the semiconductor industry during a panel at CNBC&#x27;s Evolve conference on Wednesday.<\/p>\n<p>&quot;We believe the market, the world, is in a very expansionary period,&quot; Intel CEO Pat Gelsinger told CNBC&#x27;s Jon Fortt. &quot;I predict there&#x27;s 10 good years in front of us, because the world is becoming more digital, and everything digital needs semiconductors.&quot;<\/p>\n<p>The remark suggests that Intel&#x27;s investments in chip production, such as plans to spend $20 billion to build a chip fabrication plant in Arizona, will create capacity that will be used even after the current global microchip shortage abates. Intel also recently announced plans to become a &quot;foundry,&quot; or a company that manufactures microchips for other companies.<\/p>\n<p>Gelsinger said that Intel planned to announce an additional &quot;mega fab&quot; in the U.S. or Europe before the end of the year.<\/p>\n<p>Gelsinger was appearing at a CNBC panel alongside Qualcomm CEO Cristiano Amon. Both started leading their companies earlier this year.<\/p>\n<p>While the two companies are rivals, the CEOs downplayed the competition, and suggested that the two chipmakers could end up partnering on areas where they don&#x27;t overlap. Qualcomm makes (among other things) chips that connect to 5G networks, while Intel mainly builds central processing units (CPUs) that provide base computing power.<\/p>\n<p>&quot;You know, we are the unquestioned compute leader, and Qualcomm&#x27;s the unquestioned comms leader. Compute meets comms. Right, a lot of new use cases,&quot; Gelsinger said.<\/p>\n<p>Amon said that he believed that Intel&#x27;s foundry plan could be an advantage for Qualcomm, which uses outside foundries to make its chips.<\/p>\n<p>&quot;There&#x27;s a lot of opportunities for the companies to cooperate. Look, we look at Intel and Qualcomm at true technology companies in the United States, we do a lot of advanced and fundamental research to push the industry forward,&quot; Amon said.<\/p>\n<p>The two companies do share some strategic concerns. They are both likely to be boosted by a package included in a technology bill currently in the U.S. House of Representatives that would provide $52 billion to fund semiconductor research, design, and manufacturing.<\/p>\n<p>&quot;We&#x27;re also very happy about building a much more resilient supply chain, with the on-shoring of semiconductor manufacturing, I think that&#x27;s also very important,&quot; Amon said. &quot;You need investment at this order of magnitude for that to happen.&quot;<\/p>\n<p>Both companies are also closely watching rival Nvidia&#x27;s purchase of Arm from Softbank for $40 billion. Arm technology is especially important for Qualcomm, because it is essential for designing the kind of low-power microprocessors smartphones use.<\/p>\n<p>The deal is also making chip companies nervous that they would need to license essential intellectual property from a competitor, and is facing regulatory challenges in Europe. Currently, Arm doesn&#x27;t make any full chips \u2014 it just designs underlying technology. On Monday, an Arm spokesperson told CNBC that the company is &quot;extremely confident&quot; that the deal will be approved.<\/p>\n<p>Over the weekend, Amon told a U.K. newspaper that if the transaction was blocked or Arm otherwise stayed independent, Qualcomm would be interested in investing in Arm.<\/p>\n<p>When asked about Amon&#x27;s comment, Gelsinger said: &quot;We are on record saying we&#x27;re concerned about the Nvidia-Arm acquisition. And if there were other approaches possible, we&#x27;d definitely be interested in understanding them.&quot;<\/p>\n<p>Source: <a href=\"https:\/\/www.cnbc.com\/2021\/06\/16\/intel-ceo-sees-10-good-years-of-chip-industry-growth.html\" target=\"_blank\" rel=\"noopener\">Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Intel CEO Pat Gelsinger said that he<\/p>\n","protected":false},"author":3,"featured_media":129050,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[23051],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Intel CEO sees &#x27;10 good years&#x27; of chip industry growth - Pre Coin News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/precoinnews.com\/business\/intel-ceo-sees-10-good-years-of-chip-industry-growth\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Intel CEO sees &#x27;10 good years&#x27; 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