(AOF) – Intel today announced plans to make an initial investment of more than $20 billion to build two new chip factories in Ohio. “This investment will help boost production to meet growing demand for advanced semiconductors, fueling a new generation of innovative products from Intel and meeting the needs of foundry customers,” the semiconductor maker said. Production is expected to be commissioned in 2025.
The initial phase of the project is expected to create 3,000 jobs at Intel and 7,000 jobs during construction, and support tens of thousands of additional long-term local jobs across a broad ecosystem of vendors and partners.
Intel is thus responding to the current shortage of semiconductors.
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Professional electronics: market under pressure
According to the WSTS (World Semiconductor Trade Statistics), the global semiconductor market is even expected to grow by 8.4% in 2021 for a market under extreme tension.
Excellent prospects
While demand is growing faster than global growth, supply is very limited. Three players dominate the sector (the Taiwanese TSMC, the American Intel and the Korean Samsung) whereas there were more than twenty in 2002. Analysts predict that there will be only two from 2023. The United States represent only 12% of world production according to the Semiconductor Industry Association. As for Europe, it weighs only 7%. It aims to produce 20% of semiconductors in the world by 2030. Sixteen countries, including France and Germany, will unite to develop production capacities.
TSMC (the Taiwan Semiconductor Manufacturing Company) is very well positioned to take advantage of the arrival of 5G and connected objects. “Founder”, it does not sell any chip under its brand, but produces the components on behalf of other players.
The Middle East ESC
Still relatively unknown compared to the Consumer Electronics Show (CES), the Gitex (Gulf Information Technology Exhibition) in Dubai has existed since 1981 and attracts around 100,000 visitors a year. Even if it wants to compete with the CES in Las Vegas, and the region is a very tech-savvy market, the Gitex remains, despite its internationalization, still a regional hub for technology. The CES makes it possible to cover the United States, North America and Europe at the same time, while the Gitex rather covers the Middle East, Africa and South Asia. In 2021 this event took place at the same time as the Universal Exhibition in Dubai. France was the second most represented country, behind Italy.