Intel's Mexico unit sees 'light at end of tunnel' in chip shortages by year end


FILE PHOTO: An Intel Tiger Lake chip is displayed at an Intel news conference during the 2020 CES in Las Vegas, Nevada, U.S. January 6, 2020. REUTERS/Steve Marcus

MEXICO CITY (Reuters) - A global semiconductor chip shortage, which has hurt Mexico's auto industry, could improve but still not be fully resolved by the end of the year, said the head of Intel Corp's Mexico unit, Santiago Cardona.

Intel in late March said it will greatly expand its advanced chip manufacturing capacity with plans to spend as much as $20 billion to build two factories in Arizona and open its factories to outside customers.

Play, subscribe and stand a chance to win prizes worth over RM39,000! T&C applies.

Monthly Plan

RM 13.90/month

RM 11.12/month

Billed as RM 11.12 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 9.87/month

Billed as RM 118.40 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Tech News

CoreWeave secures $8.5 billion loan to expand AI infrastructure
Meta unveils two new Ray-Ban prescription smart glasses
Nvidia invests $2 billion in Marvell, launches AI partnership
French consumer group sues Ubisoft over shutdown of online game 'The Crew'
Microsoft faces second major UK investigation over cloud licensing
Amazon, Delta team up for in-flight Wi-Fi, challenging Musk's Starlink
FX payments startup OpenFX raises $94 million amid cross-border stablecoin push
Analysis-US tech stocks struggle for safe haven appeal in Iran market fallout
At 50, Apple confronts its next big challenge: AI
LaGuardia crash bolsters case for using AI in air control towers

Others Also Read