The automotive industry as one of the industries has been hit hard by the Covid-19 pandemic. Many carmakers are struggling with a lack of chips. Large companies such as Volkswagen, General Motors, Ford, Renault, Toyota, Fiat Chrysler, or Nissan had to suspend or cancel production altogether.
The solution comes with Intel ...
Intel CEO Pat Gelsinger said Intel has begun talks with some companies that make chips for cars. Intel's goal is to start manufacturing these chips on its production lines within six to nine months.
Utilizing Intel's current production line capacity is faster than building more factories. According to Gelsinger, the construction of the new factory would take an estimated three to four years, but the company cannot afford this. It is even possible that Intel has already started manufacturing chips from some key vendors. However, no further information was confirmed, only production could take place in factories located in Oregon, Arizona, New Mexico, Israel or Ireland.
In any case, Intel also confirmed plans to build its chip factories. This happened in March when the company announced the construction of two new factories in the US state of Arizona. The implementation of these Intel production complexes will cost about $ 20 billion. The company should start producing both its chips and chips of competing companies in these factories.