UK loses Intel chip factory consideration due to Brexit
Brexit means Intel is no longer interested in the UK for its chip factory plans.
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What you need to know
In a conversation with theBBC, Intel CEO Pat Gelsinger stated that his company’s chip factory plans would’ve considered the UK had it not been for Brexit.
“Post-Brexit… we’re looking at EU countries and getting support from the EU,” he said, making it clear that the (up to)$95 billionIntel will be investing in Europe over the next decade won’t include the UK as a top priority.
“I have no idea whether we would have had a superior site from the UK,” he continued. “But we now have about 70 proposals for sites across Europe from maybe 10 different countries.”
Gelsinger went on to say that he’s hoping plans for the upcoming developments start to solidify before the end of 2021 and that chip factory work can get underway. The desire for speed is a result of the global semiconductor shortage ravagingcertain economies and industrieswhile exacerbating tensions in situations such as thechipmaking war between the U.S. and China.
In his talk with the BBC, Gelsinger projected noticeable improvements in chip supply to be visible by 2023, when the market will hopefully stabilize. He also reiterated the importance ofnot over-relying on Asiafor chips.
The chip shortage has affected a wide range of entities, from automakers to the manufacturers of thebest graphics cards. There are a fewalternative solutionsbeing found for the current crisis, but they’re not enough to singlehandedly solve the problem.
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Robert Carnevale is the News Editor for Windows Central. He’s a big fan of Kinect (it lives on in his heart), Sonic the Hedgehog, and the legendary intersection of those two titans, Sonic Free Riders. He is the author ofCold War 2395. Have a useful tip? Send it to robert.carnevale@futurenet.com.
