Intel Corporation will greatly expand its advanced chip manufacturing capacity as the new chief executive announced plans to spend as much as $20 billion to build two factories in Arizona and open its factories to outside customers.
Major automobile manufacturers want to slash their vehicle production due to the prevailing chip shortage. Automakers and electronics makers are facing a global shortage of chips as consumer demand has been bouncing back from the coronavirus pandemic,
The United States has imposed restrictions on exports to China’s biggest chip maker SMIC after concluding there is an “unacceptable risk” equipment supplied to it could be used for military purposes.
Alibaba Group Holdings Ltd said on Wednesday it has developed a new chip that specialises in machine-learning tasks and which will be used in services provided by its cloud computing division.
Musk has a history of bringing together diverse experts to drastically accelerate the development of innovations previously limited to academic labs, including rocket, hyperloop and electrical vehicle technologies through companies such as Tesla Inc and SpaceX.