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FAST FIVE: White House Rejects Intel Proposal To Add Semi Production Capacity In China

November 15, 2021
Source: nwostop.com nwostop.com
News Snapshot:
FAST FIVE: White House Rejects Intel Proposal To Add Semi Production Capacity In China White House Rejects Intel Proposal To Add Semi Production Capacity In China Days ago we wrote about how VC companies in the US were making significant investments in Chinese semiconductor companies. Shortly thereafter, it was reported that the White House had rejected a plan by Intel to bolster their chip production capacity in China, according to Bloomberg. Intel had proposed “using a factory in Chengdu, China, to manufacture silicon wafers,” the report said. It could have been online by 2022, but the White House, “strongly discouraged”...
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Tags: Bloomberg | capital | Chengdu | China | Chinese | chip | Europe | expansion | factory | Intel | IT | Lightspeed | manufacture | manufacturing | Matrix Partners | online | production | recall | Redpoint | report | semiconductor | Sequoia Capital | VC | venture capital | White House

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