Intel CEO sees ’10 good years’ of chip industry growth

CNBC2021-06-17

KEY POINTS Intel CEO Pat Gelsinger said that he expects 10 “good years” of growth in the semiconductor industry during a panel at CNBC’s Evolve conference on Wednesday. The remark suggests that Intel...

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Comments

LeminovoG
2021-06-17
LeminovoG
Wow amazing
- LeminovoG:
  damn whattt
Tigger777
2021-06-17
Tigger777
But why the stock is hovering and and go up up up
Mood_d
2021-06-17
Mood_d
Wow
Mood_d
2021-06-17
Mood_d
Wow
neolt
2021-06-17
neolt
Great
BryanYewKeat
2021-06-17
BryanYewKeat
Like pls

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Intel also recently announced plans to become a “foundry,” or a company that manufactures microchips for other companies.\nGelsinger said Intel planned to announce an additional “mega fab” in the U.S. or Europe before the end of the year.\nGelsinger was appearing at a CNBC panel alongside Qualcomm CEO Cristiano Amon. Both started leading their companies earlier this year.\nWhile the companies are rivals, the CEOs downplayed the competition, and suggested the two chipmakers could end up partnering in areas where they don’t overlap. Qualcomm makes (among other things) chips that connect to 5G networks, while Intel mainly builds central processing units (CPUs) that provide base computing power.\n“You know, we are the unquestioned compute leader, and Qualcomm’s the unquestioned comms leader. Compute meets comms. Right, a lot of new use cases,” Gelsinger said.\nAmon said that he believed that Intel’s foundry plan could be an advantage for Qualcomm, which uses outside foundries to make its chips.\n“There’s a lot of opportunities for the companies to cooperate. Look, we look at Intel and Qualcomm at true technology companies in the United States, we do a lot of advanced and fundamental research to push the industry forward,” Amon said.\nThe two companies do share some strategic concerns. They are both likely to be boosted by a package included in a technology bill currently in the U.S. House of Representatives that would provide $52 billion to fund semiconductor research, design and manufacturing.\n“We’re also very happy about building a much more resilient supply chain, with the on-shoring of semiconductor manufacturing, I think that’s also very important,” Amon said. “You need investment at this order of magnitude for that to happen.”\nBoth companies are also closely watching rival Nvidia’s purchase of Arm from SoftBank for $40 billion. Arm technology is especially important for Qualcomm, because it is essential for designing the kind of low-power microprocessors smartphones use.\nThe deal is also making chip companies nervous that they would need to license essential intellectual property from a competitor, and is facing regulatory challenges in Europe. Currently, Arm doesn’t make any full chips — it just designs underlying technology. On Monday, an Arm spokesperson told CNBC that the company is “extremely confident” that the deal will be approved.\nOver the weekend,Amon told a U.K. newspaper that if the transaction was blocked or Arm otherwise stayed independent, Qualcomm would be interested in investing in Arm.\nWhen asked about Amon’s comment, Gelsinger said: “We are on record saying we’re concerned about the Nvidia-Arm acquisition. And if there were other approaches possible, we’d definitely be interested in understanding them.”","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":161635484,"gmtCreate":1623921519248,"gmtModify":1703823560763,"author":{"id":"3574831360555066","authorId":"3574831360555066","name":"LeminovoG","avatar":"https://static.tigerbbs.com/eb3b3a74e2ef7eebb7a8bae9d1a6a04f","vip":1,"crmLevel":2,"crmLevelSwitch":0,"authorIdStr":"3574831360555066","idStr":"3574831360555066"},"htmlText":"Wow amazing","listText":"Wow amazing","text":"Wow 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