₦airaland Forum

Intel announced on Tuesday that it will spend $20 billion to build two new chip factories, called fabs, in Chandler, Arizona.

Intel stock rose as much as 5% on the news in extended trading on Tuesday.

The announcement, coinciding with new CEO Pat Gelsinger's first public remarks since taking over the job, signals that Intel will continue to focus on manufacturing during industry shifts that have led competitors to increasingly separate chip design and chip fabrication.

The news comes during a global chip shortage that is snarling industries from automobiles to electronics and worries the U.S. is falling behind in semiconductor manufacturing.

"Intel is and will remain a leading developer of process technology, a major manufacturer of semiconductors, and the leading provider of silicon globally," Gelsinger said.

Intel also said that it will act as a "foundry," or a manufacturing partner, for other chip companies that focus on semiconductor design but need a company to actually make the chips. Intel said its foundry division will be called Intel Foundry Services and will be led by Randhir Thakur, a current Intel senior vice president.

Gelsinger said the foundry business will compete in a market potentially worth $100 billion by 2025 and will manufacture a range of chips, including chips based on ARM technology, which are used in mobile devices, and has historically competed with Intel's favored x86 technology.

A slide displayed by Intel suggested that companies including Amazon, Google, Microsoft and Qualcomm could be customers for the business. Microsoft CEO Satya Nadella appeared at Gelsinger's talk in a show of support for Intel's move.

Why Intel is opening new factories
Intel's commitment to manufacturing has national security implications. Intel said it is entering into a partnership with IBM to improve chip logic and packaging technologies, which will "enhance the competitiveness of the U.S. semiconductor industry and support key U.S. government initiatives."

Intel currently operates four factories, called "wafer fabs," in the United States. In addition to its site in Arizona, which is being expanded, it also has fabs in Massachusetts, New Mexico and Oregon. It also makes chips in Ireland, Israel and has a single fab in China.

Intel's foundry will offer a U.S. and Europe-based alternative to Asian chip factories.

In February, President Joe Biden said domestic semiconductor manufacturing is a priority for his administration. His administration hopes to fix going chip shortages and address lawmaker concerns that outsourcing chipmaking had made the U.S. more vulnerable to supply chain disruptions.

In an executive action, Biden started began a 100-day review that could boost American chip companies with additional government support and new policies.

"Today's Executive Order, combined with full funding for the CHIPS Act, can help level the playing field in the global competition for semiconductor manufacturing leadership, enabling American companies to compete on equal footing with foreign companies heavily subsidized by their governments," Intel said at the time in response to the executive order.

Gelsinger took over Intel on Feb. 15 from former CEO Bob Swan. Although he was most recently the CEO of VMWare, he started his career at Intel and his appointment has been regarded as a homecoming.

He took over a company facing a variety of challenges. Intel had lost its semiconductor manufacturing edge to Asia-based rivals, most notably TSMC. Intel's most advanced chips use a 14-nanometer or a 10-nanometer process. Intel both designs the chips, then makes them in its own factories, called fabs.

But competitors, including Intel customers like Apple and rivals like AMD, just design the processor, then have it manufactured by an outside chip factory. These chip factories, like TSMC and Samsung, use a more advanced 5-nanometer process, which is superior because more transistors can fit in the same sized chip, boosting power and efficiency.

"We will pursue customers like Apple" for Intel's foundry business, Gelsinger said.

Gelsinger said on Tuesday that its 7-nanometer chips are on track to hit a milestone in the second quarter and that it plans to manufacture the majority of its products itself. Still, Intel will increase its use of third-party foundries, including TSMC, Samsung, and GlobalFoundries, he said.

Intel also announced full-year guidance. The company said it expects $4.55 in adjusted earnings per share on $72 billion, below Refinitiv estimates of $4.77 in adjusted earnings per share and $72.94 billion in revenue in revenue. Intel said it expects $19 billion to $20 billion in capital expenditures for the year. Analysts polled by FactSet had expected $14.59 billion.

https://www.cnbc.com/amp/2021/03/23/intel-is-spending-20-billion-to-build-two-new-chip-plants-in-arizona.html

dontro:
Wow! What could be the motive? Nawaooo

He's arab.

Nonsense.

Good topic.

India and Mexico.

https://www.wsj.com/articles/u-s-and-its-allies-sanction-china-over-treatment-of-uyghurs-in-collective-action-11616440582

The U.S., Canada and allies in Europe leveled sanctions against Chinese officials over the repression of mainly Muslim Uyghurs in a coordinated blacklisting that is part of Biden administration efforts to forge coalitions against Beijing.

Monday’s barrage of sanctions from the U.S., Canada, the U.K. and the European Union target current and former officials and a paramilitary organization involved in carrying out the mass detention campaign against Uyghurs in China’s northwestern Xinjiang region.

For the EU and the U.K., the decision marks the first use of human rights sanctions against China since the crackdown on the Tiananmen Square democracy movement in 1989. U.K. Foreign Secretary Dominic Raab called out China for “industrial-scale human rights abuses” against the Uyghurs.

The U.S., which has applied similar penalties over the past year, has gone further than its allies in labeling China’s actions genocide.

China has dismissed the allegations of abuses and immediately retaliated Monday for the EU action by blacklisting 10 European lawmakers, as well as several think tanks and academics, proscribing them from business with or travel to China. A Chinese foreign ministry statement said the EU move was “based on nothing but lies and disinformation,” meddles in China’s internal affairs and undermines China-EU relations.

The allied move—which freezes any assets held by those targeted and bans their travel—is the type of collective action the Biden administration says the U.S. and its allies need to take to counter Beijing as it applies increasingly coercive measures at home and abroad.

“A united trans-Atlantic response sends a strong signal to those who violate or abuse international human rights,” said U.S. Secretary of State Antony Blinken, who was arriving in Brussels on Monday for discussions with the EU and the NATO security alliance.

The Biden administration has placed working with allies and like-minded partners at the forefront of its China strategy. One of President Biden’s first multicountry meetings was with the leaders of Australia, India and Japan, three countries struggling against China over territory or facing economic punishment. At their meeting this month, the so-called Quad countries agreed to coordinate on vaccine production and distribution to vie with China’s vaccine diplomacy.

Separately on Monday, Mr. Blinken and the foreign ministers of Canada and the U.K. said in a statement that the evidence of China’s abuses in Xinjiang is overwhelming; it cited satellite imagery, Chinese government documents and eyewitness accounts. The foreign ministers of Australia and New Zealand then issued a separate statement in support of the sanctions. The countries are members of the “five-eyes” intelligence-sharing alliance.

In addition to the Chinese targeted on Monday, the U.S. and EU also sanctioned senior figures in Myanmar’s military for last month’s coup. The EU added a Libyan militia and its leader to its blacklists that the U.S. had previously designated, and sanctioned two North Korean officials under its three-month-old human rights sanctions regime.

While the Biden administration coordinated with the EU on sanctions against Russia earlier this month over the poisoning of opposition leader Alexei Navalny, moving together against China is more challenging and delicate, given its economic heft.

The EU and the U.K. are both seeking to boost commercial ties with China, with its large market and deep pool of investment. Both are trying to maintain a delicate—and frequently divisive—balance by confronting China on human rights and other issues while pursuing trade and investment.

The U.K.’s post-Brexit foreign policy blueprint, laid out last week, called China an important commercial partner, and Prime Minister Boris Johnson warned against a cold war with Beijing. But Britain has also opened its doors to as many as five million Hong Kong residents after Beijing clamped a new security law on the former U.K. colony.

Canada, meanwhile, is in the crosshairs of the U.S.-China dispute, with two of its citizens detained for more than two years and recently tried on espionage charges—which Ottawa has said is in retaliation for Canada’s role in the arrest of Huawei Technologies’ chief financial officer at the behest of U.S. authorities.

Starting with the Trump administration, the U.S. began imposing sanctions on Chinese officials over Xinjiang and Hong Kong. The sanctions, however, haven’t deterred Beijing, which has continued its clampdown in Hong Kong and Xinjiang, and many of the blacklisted Chinese officials are believed to have few assets overseas.

The Biden administration sees particular need for collective action with sanctions to ensure they are effective and, if less financially punitive, at least to create a diplomatic cordon of censure, according to U.S. officials.

“Nowhere in the world have unilateral sanctions actually led to a democratic transition in the absence of a multilateral and coordinated approach,” a senior administration official said.

Monday’s actions by the EU, U.K. and Canada listed four current and former senior Xinjiang officials involved in directing police and security work in Xinjiang, citing them for human rights violations, implementing forced labor programs and mass detention programs.

Also blacklisted was the public security division of the Xinjiang Production and Construction Corps, a paramilitary organization that operates detention centers and runs a network of cotton and other farms rights groups say use forced Uyghur labor.

The U.S. also sanctioned two of the officials, having previously blacklisted the two others under human rights sanctions, as well as the Construction Corps.

In its retaliation against the EU, Beijing blacklisted a leading critic in Europe, Germany’s Green lawmaker Reinhard Bütikofer, who is in the European Parliament, and a Dutch lawmaker Sjoerd Sjoerdsma, a leading advocate of the EU’s new human rights sanctions.

The Dutch government summoned the Chinese ambassador over the move. The EU’s foreign policy chief Josep Borrell, condemned China’s response as “regrettable and unacceptable,” and it was condemned by a range of European Parliament lawmakers, who will need to approve a China-EU investment accord finalized in December.

People who push this idea are either (A) unhappy after marrying too young and they want you to be unhappy too, (B) trying to pressure people into marriage because they have an unhealthy urge to control others, or (C) know that a single man/woman is harder to manipulate than a married one with kids (economic oppression).

Bleach is not a good look.

obixcel:
Funny and ironic that journalists are been restricted from gaining access to the Migrant holding facilities (a.k.a Kids in cages). What are they hiding? Where is the so-called transparency?
How can a nation be in "the midst of a global pandemic" and still open its borders to thousands of migrants, with the economy yet on full steam and businesses closed for the most part? How does it make any sense? The liberal dummies will see no problem with this, of course.

It doesn't make sense. But the good news is America is pulling manufacturing out of Asia and expanding in Mexico. That should help get rid of Mexicans and others. They're also expanding in India, so that should get rid of Indians too.

She's bleached, injected, and packed with makeup. Instead of worrying about other people, she needs to love herself.

Shout out to all my dark skin, natural hair, natural body, unspoiled queens.

https://i.pinimg.com/originals/6e/c4/d2/6ec4d2d9d80d5fb73f63d85ed81690e3.jpg
https://i.pinimg.com/originals/fe/36/fb/fe36fbb450208e43d9549d25eff606b5.jpg

Not watching the Olympics this year or any other year it's in Asia.

Bleaching is so gross.

No.

Mustapha with Obi Okoli

Boohle

She's doing her thing.

OmoManU:
Well my own take is what's so special about the hijab?

The christian Roman Catholic Reverend Sisters as all know and always seen at all times are always adorning their head with a veil (that's equivalent of Hijab) all the time,so what's the fuse about the Muslims following their religious teachings by always covering their head. I believe that every open minded individual knows there are several bible verses that talk about covering of hair for the women.

They choose to wear it. They're not forced to do it their entire life.

All this because their religion feels so strongly against women, even children, that they refuse to let them take that nonsense off their head and go to school.

I'm glad I wasn't born into a Muslim community or family. Say what you want about Christianity, but people are allowed to worship how they want, and women get much more respect within it. It's like Islam is determined to stay in the middle ages or something.

Wow. lol

maziuwa:
What's her offense

Making good money.

A gang targeted her for burglary (and probably extortion), she reported them, so they used their corrupt resources in law enforcement to get fake charges put on her.

Nigerians are probably major targets for the simple fact that they come in with more money and earn more than the average person in Ivory Coast. Anyone going there needs to keep a low profile or just don't bother.

Fake, or someone who thinks the artist will give them money.

The baby looks like he's having the best nap ever.

Kid's gonna marry an African girl one day.

https://thumbs.gfycat.com/GraciousFaroffJay-small.gif

emelda86:
We found love in a prison place.

lol

Theoutsider:
All these men have Dark Triad Traits. Just like a criminals

Oh. You're a paid troll. nvm

The soup will be

https://i.kym-cdn.com/photos/images/newsfeed/001/168/794/d1d.gif

I do think it's fair to be concerned, if it's true. It's an indication that kids need more mentoring, supervision, and focus on their studies. Girls and boys.

Bro. I just watched two trailers, and my body is ready.


https://www.youtube.com/watch?v=nY0JyoeLqRU

https://www.youtube.com/watch?v=4YiScJFZFqI

Theoutsider:
NO! women like criminals.

lol And you base this on what exactly?

Some of the most desired men are musicians, athletes, heirs, models, and guys with game. Women like their status, looks, charm, and lifestyle.

Some women like bad boys, but how many sit around talking about wanting inmates?

Boo hoo. Is your son a good, hardworking guy?

Don't worry about the rest.

But if he brings home a white man, you need to smack him.

JaceBlaze:
Can't blame us,have you seen how beautiful the women down here look?

SA does have some baddies.