Intel CEO comes to Oregon to plea for government subsidies – Portland, Oregon

Portland, Oregon 2021-12-07 21:27:37 –

Pat Gelsinger will appear in Portland to discuss the CHIPS Act and the possibility of funding US semiconductor manufacturers.

Courtesy: Oregon Business Plan – Intel CEO Pat Gelsinger is betting his farm on a company that manufactures his semiconductors, especially in Oregon and Arizona, but he came to Portland on Monday and was in the form of government law in the form of CHIPS law. I asked for help. December 2021.

Portland, OregonPortland Tribune) — Intel CEO hasn’t been working on the Oregon Business Plan Leadership Summit for 10 years until Pat Gelsinger appeared at the Oregon Convention Center on Monday.

The Silicon Valley tanned man cites Oregon’s good intentions before Intel Corp. promised to never move its production from Oregon.

Gelsinger, the founder of Intel, who bypassed other chip makers for 30 years before returning to top jobs this year, sought to reassure locals that Oregon was important.

21,000 people in Oregon work for Intel, and more than 500 local businesses sell services to Intel.

“On Mount Hood, I taught skiing to all four kids. There was a villa and a sun river. I’m still biased towards Tyramook cheese. My favorite is vanilla beans ice cream … Good Saturday is Stamp Town Coffee. Voodoo nuts … this is a special place on earth you have here. “

Gelsinger talked about the $ 50 billion the company spent on manufacturing plants, including the next D1X research plant, including Oregon.

“Can you imagine moving our fab out of state? $ 50 billion invested and more invested? Isn’t it?”

He was asking for support Tip method, Legislation before Congress for $ 52 billion in subsidies for the construction of new factories across the country. It will fund the next decade of research in semiconductor design. This is important because the chip is currently on almost every appliance and behind all services.

He asked the elected official, “I ask you, I beg you, I ask you to promote your law to fund the CHIPS law as soon as possible. … And ensure that America maintains its leadership position. ”

According to Gelsinger, only Samsung in South Korea, TSMC in Taiwan, and Intel in the United States are researching and designing the highest level chips. The first two have benefited significantly from government funding, especially in the form of tax incentives, and Gelsinger believes it’s time for Intel to get even more.

This was a “buy American” pitch. “We rely on a fragile supply chain in Asia,” he told an American manufacturer.

Intel has big fabs in Arizona, Ireland and Israel, but he emphasized that it was copied from a model developed in Oregon.

The lack of chips is hitting Americans where it hurts: when they want a news car or game console.

Gelsinger talked about a $ 30,000 car waiting for a $ 2 chip and said the CHIPS law could make up for that shortage in the long run.

He said chips make up 4% to 5% of today’s new car parts, but electric vehicles are expected to account for 20% by 2030.

Portland Tribune and KOIN6 News are media partners.

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