Semiconductor microchips power the electronic devices that are a mainstay of 21st century daily life, whether it's our smartphone, our car, or the data centres that hold all our online information. These chips are of strategic importance and in a changing geopolitical landscape where transnational trade routes are increasingly at risk of disruption, the race is on to bring their manufacturing closer to home.
This is currently on display in the European Union with the CHIPS act voted earlier this year. It awards €50 billion in subsidies to the industry in a bid to double the number of chips made on the continent by 2030 and return the EU to 20 percent of global production.
To discuss this huge investment in Europe, as well as its other projects around the world, Intel's Chief Commercial Officer and Executive Vice President Christoph Schell spoke to us in People & Profit.
