The CEO of Intel, Pat Gelsinger stated that he is expecting “good years” of development in the semiconductor industry during a panel on Wednesday. He also said that they do faith in the market, the world is in a much imperialist period. He assumes there are 10 good years of journey in front of us, as the world is turning more digital, and everything digital requires semiconductors.
The remark recommends that Intel’s chip production investment, like schemes to invest $20 billion to develop a chip fabrication plant in Arizona, will build capacity. It will be utilized even after the latest global microchip shortage situation. In recent times Intel also declared the schemes to turn a “foundry” or an organization that produces microchips for other big organizations.
Gelsinger stated that Intel has a pre-plan to declare an additional “mega fab” in Europe or the U.S. before this year’s end. Pat Gelsinger and the CEO of Qualcom, Cristiano Amon both began leading their organizations earlier this year. While both these two organizations are rivals, the CEOs deprecated the competition and recommended the two chip developers could get an end to partnering in areas where they don’t have to overlap. Qualcomm develops (among other things) chips that easily get connected to 5G networks, whereas Intel primarily develops centra; processing units (CPUs) that serve base computing power.