Yesterday India’s transport minister is reported to have declared Intel would be developing a chipmaking fab in the nation. Large news, right? Um, no. In fact, Intel isn’t really executing anything at all of the kind.
In accordance to a statement from Intel gained by Reuters (opens in new tab), the organization says it has no present-day ideas to create a producing facility in the nation.
This arrives at a time when Intel is investing huge sums of cash into the chipmaking side of its business enterprise. Some of that cash is coming from the not too long ago handed CHIPS and Science Act, a US initiative to beef up domestic semiconductor manufacturing amenities, and that suggests it will be invested into US-centered amenities and fabs. It also signifies that Intel is banned from investing that funds (opens in new tab) in spots that the US federal government would not see fit to acquire it, particularly China.
Although Intel does have other cash to spend on chipmaking, and it has other fabs and assembly services outside of the US, which includes in Eire, Israel, Costa Rica, and Malaysia.
Intel is also developing a significant chipmaking fab in Germany, which will be joined by other new or improved amenities in the EU.
But nothing at all in India and apparently no strategies to establish there nonetheless. That is regardless of India’s most effective efforts to lure semiconductor organizations to that location of the globe. India’s federal government not too long ago introduced a $10B plan to entice semiconductor and display screen makers (opens in new tab) to the state, in essence aiming to minimize down expenses for any would-be investor.
In accordance to journalist Debby Qu, on the other hand, Intel may perhaps finish up expanding in some capability in India, in a roundabout way. I know, that is just the opposite of what the business has mentioned, but reportedly a consortium manufactured up of multiple corporations like Tower Semiconductor—a enterprise not long ago acquired by Intel—agreed to make investments $3B in a chip fabrication plant in the Indian condition of Karnataka. However the upcoming of that expenditure may possibly be up in the air for now.
In May well nevertheless, a consortium like Tower Semiconductor reported it will invest 229 billion rupees ($3 billion) in a chip fabrication plant in the southwest Indian state of Karnataka. A little bit unclear what will take place to that.September 8, 2022
Though there is certainly one particular factor which is extremely very clear: governments are determined to entice chipmakers to their shores, and when it comes down to it, that ultimately means a battle of who can woo a chipmaker more (toss more income and subsidies at them).