{"id":15287,"date":"2024-10-24T09:03:43","date_gmt":"2024-10-24T09:03:43","guid":{"rendered":"http:\/\/medexperts.pro\/?p=15287"},"modified":"2024-10-24T12:24:58","modified_gmt":"2024-10-24T12:24:58","slug":"the-white-house-bet-big-on-intel-will-it-backfire","status":"publish","type":"post","link":"https:\/\/medexperts.pro\/?p=15287","title":{"rendered":"The White House Bet Big on Intel. Will It Backfire?"},"content":{"rendered":"
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At an annual gathering of tech executives and billionaires in Sun Valley, Idaho, this past July, Gina Raimondo commandeered a table near a duck pond and tried to exert her influence as the U.S. secretary of commerce to help rescue an ailing national champion.<\/p>\n

As media moguls and business luminaries cut deals nearby, Ms. Raimondo met with chief executives from Microsoft, Google and other firms and encouraged them to order their semiconductors from the United States, including from Intel. It was important to make more chips in America, she told them, and Intel, the American chip giant, was critical to that effort.<\/p>\n

Ms. Raimondo, who is overseeing the Biden administration\u2019s investments in the chip industry, has made similar requests in meetings and phone calls over the past year. She has urged executives at Apple, Amazon, Nvidia, AMD, Marvell Technology and other companies to consider ordering chips from Intel\u2019s U.S. manufacturing plants, according to eight people familiar with those requests, most of whom asked for anonymity to discuss private conversations.<\/p>\n

A majority of the firms have rejected her overtures because Intel\u2019s chip-making techniques are not as sophisticated as those of Taiwan Semiconductor Manufacturing Co., the world\u2019s leading chip maker and their primary supplier, these people said.<\/p>\n<\/div>\n<\/div>\n

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The doubts expressed by top tech executives show how far Intel has fallen at a moment when Ms. Raimondo is trying to rebuild American chip manufacturing. Her unofficial role as a chip salesperson underscores how much is riding on the success of Intel, a 56-year-old firm that is at the center of President Biden\u2019s efforts to rev up domestic semiconductor production.<\/p>\n

While the Biden administration\u2019s endeavor involves many companies, a crucial part of its ambition is pegged to Intel, which lobbied \u2014 and helped secure votes \u2014 for the 2022 CHIPS Act.<\/p>\n

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At an annual gathering of tech executives and billionaires in Sun Valley, Idaho, this past July, Gina Raimondo commandeered a table near a duck pond and tried to exert her influence as the U.S. secretary of commerce to help rescue an ailing national champion.As media moguls and business luminaries cut deals nearby, Ms. Raimondo met with chief executives from Microsoft, Google and other firms and encouraged them to order their semiconductors from the United States, including from Intel. It was important to make more chips in America, she told them, and Intel, the American chip giant, was critical to that effort.Ms. Raimondo, who is overseeing the Biden administration\u2019s investments in the chip industry, has made similar requests in meetings and phone calls over the past year. She has urged executives at Apple, Amazon, Nvidia, AMD, Marvell Technology and other companies to consider ordering chips from Intel\u2019s U.S. manufacturing plants, according to eight people familiar with those requests, most of whom asked for anonymity to discuss private conversations.A majority of the firms have rejected her overtures because Intel\u2019s chip-making techniques are not as sophisticated as those of Taiwan Semiconductor Manufacturing Co., the world\u2019s leading chip maker and their primary supplier, these people said.The doubts expressed by top tech executives show how far Intel has fallen at a moment when Ms. Raimondo is trying to rebuild American chip manufacturing. Her unofficial role as a chip salesperson underscores how much is riding on the success of Intel, a 56-year-old firm that is at the center of President Biden\u2019s efforts to rev up domestic semiconductor production.While the Biden administration\u2019s endeavor involves many companies, a crucial part of its ambition is pegged to Intel, which lobbied \u2014 and helped secure votes \u2014 for the 2022 CHIPS Act.We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and\u00a0log into\u00a0your Times account, or\u00a0subscribe\u00a0for all of The Times.Thank you for your patience while we verify access.Already a subscriber?\u00a0Log in.Want all of The Times?\u00a0Subscribe.<\/p>\n","protected":false},"author":1,"featured_media":15289,"comment_status":"close","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[],"class_list":["post-15287","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-technology"],"_links":{"self":[{"href":"https:\/\/medexperts.pro\/index.php?rest_route=\/wp\/v2\/posts\/15287","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/medexperts.pro\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/medexperts.pro\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/medexperts.pro\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/medexperts.pro\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=15287"}],"version-history":[{"count":2,"href":"https:\/\/medexperts.pro\/index.php?rest_route=\/wp\/v2\/posts\/15287\/revisions"}],"predecessor-version":[{"id":15290,"href":"https:\/\/medexperts.pro\/index.php?rest_route=\/wp\/v2\/posts\/15287\/revisions\/15290"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/medexperts.pro\/index.php?rest_route=\/wp\/v2\/media\/15289"}],"wp:attachment":[{"href":"https:\/\/medexperts.pro\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=15287"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/medexperts.pro\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=15287"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/medexperts.pro\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=15287"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}