Intel. CHIPS Act Funding Ceremony Overshadowed By Reports Of New Fab Delays

The timing couldn't have been more awkward..

Intel had their day in the sun, the Arizona sun to be specific, this week, with President Biden and Commerce Secretary Gina Raimondo both in town to celebrate the historic milestone of public/private partnership to help bring advanced chip making back to US shores. Specifically, the goal is to achieve 20% US manufacturing of the most advanced chips by 2030, up from zero today, according to Raimondo.

The event itself was expertly co-ordinated, in fact a masterpiece in Community Relations. In addition, it nicely (and quickly) dovetailed into what was effectively a well delivered campaign speech by President Biden.

Somewhat embarrassingly for Intel, two reports coincided with the event, one citing a two year delay in the construction of Intel’s two new Ohio fabs and the other reporting that multiple suppliers to both Intel and TSMC are dialling back on or temporarily postponing plans to add capacity locally in support of the new fabs both companies are in the process of building in the sunshine state.

Here’s our take on Intel’s CHIPs Act Ceremony and the two reports that cast a shadow over Intel’s day in the sun. Thanks as always for reading!