• 250
  • 26
  • Favorite

Intel says it will reserve Ireland chip factory capacity for automakers

Reuters2021-09-07

Sept 7 (Reuters) - Intel Corp on Tuesday said that it will reserve factory capacity at its semiconductor plant in Ireland for automakers and has created a program to help them transition to making chips in its factories.

Intel, the biggest maker of processor chips for PCs and data centers, in March said it planned to open up its chip factories for outsiders to use.

Chief Executive Pat Gelsinger told Reuters in April

that the company wanted to start producing chips for automakers within six to nine months to help alleviate a shortage that has disrupted vehicle production around the world.

It is unclear whether the latest announcement means Intel will meet that goal.

Gelsinger was due to outline details of the new program on Tuesday at the IAA automotive show in Germany. The "Intel Foundry Services Accelerator" is aimed at helping automakers learn to make chips using what Intel calls its "Intel 16" chip manufacturing technology and later move to its "Intel 3" and "Intel 18A" technologies.

Those manufacturing processes would be far more advanced than most of the processes used in the automotive industry today. Intel said that several automakers and key suppliers - including BMW AG , Volkswagen AG , Daimler AG and Bosch - had expressed support for its programs, but an Intel spokesman declined to confirm whether any had committed to becoming customers.

Intel views automakers as a key strategic priority. Gelsinger was expected to say Tuesday that the company believes chips will make up 20% of the cost of vehicles by 2030, a five-fold increase from 4% of the cost in 2019.

(Reporting by Stephen Nellis in San Francisco; editing by Richard Pullin)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Report

Comment26

  • weekendnote
    ·2021-09-08
    Ok
    Reply
    Report
  • Aliff
    ·2021-09-08
    Undervalued stock. Buy and hold 
    Reply
    Report
    Fold Replies
    • slpt2980
      [Smile]
      2021-09-08
      Reply
      Report
  • RK888
    ·2021-09-08
    Like
    Reply
    Report
  • Kalpana
    ·2021-09-08
    Ok
    Reply
    Report
    Fold Replies
  • ML808
    ·2021-09-08
    Good info! Can stock go higher?
    Reply
    Report
    Fold Replies
    • ML808
      may be
      2021-09-08
      Reply
      Report
    • Sunny0809
      Ok
      2021-09-08
      Reply
      Report
  • KYLeong
    ·2021-09-08
    Just like TSMC?
    Reply
    Report
  • hwhw123
    ·2021-09-08
    Ok
    Reply
    Report
    Fold Replies
  • HF133
    ·2021-09-08
    Ok
    Reply
    Report
  • KCtan1688
    ·2021-09-08
    Good
    Reply
    Report
    Fold Replies
  • El_Nino
    ·2021-09-08
    Like n comment pls
    Reply
    Report
    Fold Replies
    • KYLeong
      Liked
      2021-09-08
      Reply
      Report
  • eheheh
    ·2021-09-08
    Nice
    Reply
    Report
  • J90
    ·2021-09-08
    Ya
    Reply
    Report
  • EveryoneHuat
    ·2021-09-08
    Ok noted
    Reply
    Report
  • Black83black
    ·2021-09-08
    ?? 
    Reply
    Report
  • Sunshine8888
    ·2021-09-08
    company wanted to start producing chips for automakers within six to nine months to help alleviate a shortage that 
    Reply
    Report
    Fold Replies
    • fysx49
      yup chip shortages everywhere
      2021-09-08
      Reply
      Report
  • ALLOYHUAT
    ·2021-09-08
    Like
    Reply
    Report
  • capsulefong
    ·2021-09-08
    Like
    Reply
    Report
  • Anni001
    ·2021-09-07
    Please help likeThanks
    Reply
    Report
    Fold Replies
    • BettyT
      Like back, thanks
      2021-09-08
      Reply
      Report
 
 
 
 

Most Discussed

 
 
 
 
 

7x24

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

Company: TTMF Limited. Tech supported by Xiangshang Yixin.

Email:uservice@ttm.financial