Intel executives: chip demand will be driven again, expansion is very important

Recently, Keyvan Esfarjani, head of Intel's global operations, said that although the global economy is in recession, Intel will continue to build new fabs in Europe, America and other places. Intel believes that the economy will rebound at an appropriate time and drive the market's demand for chips again. In the future, when the semiconductor market demand recovers, it is very important to diversify the supply chain and expand production capacity.

It is reported that at the beginning of this year, Intel announced that it will invest more than 20 billion US dollars to build two new fabs in Ohio, USA. In September, Intel held a groundbreaking ceremony for the new fab in Ohio.

In addition, Intel said in March this year that it plans to invest more than 33 billion euros to promote chip manufacturing in Europe. As part of the investment, Intel will build two new factories in Magdeburg, Germany. Construction will start in the first half of 2023 and production will come online in 2027. It will try to produce chips below 2nm.
Qualcomm President and CEO: The semiconductor industry will usher in a broader development prospect in the long run

Recently, An Meng, President and CEO of Qualcomm, said that although the semiconductor industry is facing challenges, the industry has still experienced significant growth and will usher in broader development prospects in the long run. Ammon believes that the semiconductor industry is crucial to accelerating the digital transation of many industries in the next decade. It is creating opportunities to help build a sustainable future and bring positive social impact.

An Meng believes that the development and application of advanced technologies such as 5G, AI, XR, Internet of Things and cloud computing are empowering innovation and providing a key boost to the development of the future digital economy.
Industry: Semiconductor demand is expected to rebound in the second half of 2023

2022 is coming to an end, what changes will happen to the semiconductor industry in 2023?

Recently, the US Semiconductor Industry Association (SIA) pointed out that the chip shortage will gradually ease in 2022, but the growth of global semiconductor sales will slow down sharply in the second half of this year, and the industry utilization rate will decline. The semiconductor industry also continues to face significant challenges: including developing a skilled workforce, responding to global competition, and maintaining access to global markets and supply chains. SIA believes that semiconductor demand is expected to rebound in the second half of 2023.