Enterprise | November 25, 2020
Intel CEO Bob Swan is, in an open letter, urging the President-elect to put money into U.S. manufacturing.
“A national manufacturing strategy, including investment by the U.S. government in the domestic semiconductor industry, is critical to ensure American companies compete on a level playing field and lead the next generation of innovative technology,” the CEO writes within the letter.
The CEO congratulated the President-elect Joe Biden and Vice President-elect Kamala Harris on Monday in an open letter as he urged the brand new leaders to put money into the nation’s manufacturing sector and digital infrastructure.
Bob Swan writes within the letter that “2020 has been a particularly disruptive year for the American people” and attracts parallels to 1968 when the nation was divided over the Vietnam Warfare, race and present process a recession and experiencing mass protests shaping the political panorama. Throughout this time Robert Noyce and Gordon Moore got here collectively and based Intel, beginning a silicon revolution that gave rise to many future applied sciences. One thing that the CEO says the corporate is able to do once more.
“Today, Intel is the only U.S.-based manufacturer of leading-edge semiconductors, with more than 50,000 employees across the country and innovation hubs in Oregon, Arizona, Texas, New Mexico and California. We again stand at the ready to support the next generation of technological advancements,” the letter reads.
Because the President-elect begins to additional develop the coverage agenda that can cleared the path for the following 4 yr, the CEO urges the longer term chief to concentrate on a number of areas – amongst them is “investing in know-how to resolve the challenges posed by COVID”
Right here Bob Swan points to synthetic intelligence, excessive efficiency computing and edge-to-cloud computing as vital parts in authorities assortment and evaluation of knowledge, diagnostics, remedy and vaccine improvement.
Growing U.S. manufacturing
The letter continues and brings up information from the Semiconductor Business Affiliation, stating that the U.S. accounts for simply 12% of worldwide semiconductor manufacturing capability, and greater than 80% going down in Asia.
“Rising costs and foreign government subsidies to national champions are a significant disadvantage for U.S. semiconductor companies that make substantial capital investments domestically,” the CEO writes and points to a nationwide manufacturing technique, together with funding by the federal government within the home semiconductor trade as a technique which might permit American corporations to compete on a stage taking part in discipline
“Your planned investment in American-made goods is critical to U.S. innovation and technology leadership,” the CEO writes.
Mr. Swan can also be asking Biden to extend investments within the nation’s digital infrastructure as; “Widespread deployment of advanced 5G telecommunications networks will fuel efficiencies for businesses in all industries and enable more U.S. innovation. Upgrades to our infrastructure must not only handle the technology of today but spur domestic development of the technologies of tomorrow.”