Intel's Mexico unit sees 'light at end of tunnel' in chip shortages by year end


FILE PHOTO: An Intel Tiger Lake chip is displayed at an Intel news conference during the 2020 CES in Las Vegas, Nevada, U.S. January 6, 2020. REUTERS/Steve Marcus

MEXICO CITY (Reuters) - A global semiconductor chip shortage, which has hurt Mexico's auto industry, could improve but still not be fully resolved by the end of the year, said the head of Intel Corp's Mexico unit, Santiago Cardona.

Intel in late March said it will greatly expand its advanced chip manufacturing capacity with plans to spend as much as $20 billion to build two factories in Arizona and open its factories to outside customers.

Subscribe now and receive FREE sooka plan for 1 month.
T&C applies.

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

   

Next In Tech News

Singapore's competition watchdog clears South Korean Hanwha's buyout of Dyna-Mac
Samsung Electronics plans $7.2 billion buyback to boost shareholder value
Man who stole and laundered roughly US$1bil in bitcoin is sentenced to 5 years in prison
Stiff business: Berlin startup will freeze your corpse for monthly fee
White supremacist, Nazi content spread on Steam game service
After Trump’s victory, US election falsehoods shift left
Review fatigue? Consumers are less likely to share feedback after a purchase
AI weather models have shown promise this hurricane season
AI could help scale humanitarian responses. But it could also have big downsides
Australia’s plan to ban children from social media proves popular and problematic

Others Also Read