The U.S. Wants American-Made Chips. Can Intel Deliver?

The Journal.

The Wall Street Journal

Daily News, Business News, News

4.2 • 5.3K Ratings

🗓️ 8 June 2023

⏱️ 16 minutes

🔗️ Recording | iTunes | RSS

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Summary

Once a titan in the tech industry, Intel is now trying to climb out of what its CEO describes as a “mud hole.” Rivals from Taiwan and South Korea have overtaken the semiconductor company in advanced chip making, and would-be Intel customers have backed away from projects. WSJ’s Asa Fitch unpacks the stakes of Intel’s comeback plan. Further Reading: - Once Mighty Intel Struggles to Escape ‘Mud Hole’ Further Listening: - The $1 Trillion Company That Started at Denny’s - America’s Answer to the Chips Shortage Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	In recent years, the chip industry has exploded.
0:09.3	You know, chips, the little pieces of tech that power all your electronic devices.
0:14.3	Our colleague Ace of Fitch says that by 2030, sales of chips are expected to hit more than
0:19.1	a trillion dollars.
0:20.9	That's roughly doubling within a decade.
0:24.1	So there's just an enormous market for chips going forward.
0:28.0	Everybody's living more digital lives.
0:30.5	Everybody's living in the digital sphere more, whether that's using VR headsets.
0:36.8	Introducing Apple Vision Pro.
0:40.1	There's artificial intelligence.
0:42.1	I am AI.
0:45.1	Brought to life by Nvidia.
0:47.5	Whether it's just being on the internet more, we're interacting with smartphones and things
0:52.4	like that.
0:53.4	Meet the Google Pixel 7 and Pixel 7 Pro.
0:56.7	Smartphones built by Google and designed around you.
0:59.6	People predict that that sort of thing is only going to continue.
1:02.7	People will demand more performance out of their devices and that is going to be driven
1:07.4	by chips.
1:08.7	So the demand for chips is just insatiable.
1:16.0	Right now, the US relies mostly on foreign companies for these chips.
1:20.5	But it wants to build up domestic chip manufacturing in case international conflicts choke off supply.
	...

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