Trying to Save the Declining U.S. Semiconductor Industry
The U.S. share of global chip-production capacity, once 100%, has been sliding for years: from 25% in 2005 to 14% in 2009. In recent years, Intel has opened plants in Ireland and Israel, and its newest plant will open in Dalian, China, Oct. 26.
According to Intel CEO Paul Otellini: "No one else has built a new factory in five or 10 years. Everyone is building it either offshore or through joint ventures somewhere else. And if this is the most important technology of the 21st century—semiconductors—and the first derivative is negative relative to building new factories here, it ain't good."
The U.S. semiconductor industry faces serious challenges. Read more.
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