The chip crisis demonstrated how the European Union and the United States are dependent on Asia for products derived from the use of electronic components. The great demand, Covid and the lack of local infrastructure have put car manufacturers in serious trouble, in what has been defined by many insiders as the so-called ‘perfect storm’. From every crisis, however, there is the chance of a great rebirth and a collective rethinking of the steps to be taken, and once again the opportunities will not be lacking.
According to the CEO of the IT and electronics giant Intel, Pat Gelsinger, the European Union and the United States must not let the possibility of becoming more important in global trade slip away, possibly to the detriment of China and other emerging powers, by investing heavily in the chip sector. “Let’s not waste this crisis. Not only for the economy, but also for international policies and national security“Gelsinger told Bloomberg.
Intel’s CEO added that governments will need to capitalize on the lessons of the pandemic. If not, the risk is to see a further concentration of Asian manufacturing power as regards chips. The implications of having eighty percent of production in Asia are indeed manifold. Intel, for its part, should announce an expansion plan in the United States and Europe, precisely sensing a greater interest of the respective governments in terms of facilities. Yes, because in 2022 opening production plants in strategically unsuitable places is a risk that no one wants to take.
Gelsinger’s words are very important to the sector, but there may already have been a reaction from several European governments. The interest of countries in possible gigafactories and mining projects has never been higher. In any case, between these first meetings and the actual commitments it will be necessary to draw up more than noteworthy strategic plans.
(cover image: Flickr / Marco Verch)
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