With no immediate end in sight to the global semiconductor shortage, some organizations and governments are announcing big moves to help solve the problem. And while the solutions may not produce the immediate results that many procurement professionals would like to see, they may be helping to create a more sustainable and reliable source of supply for the longer term.
Intel is the latest manufacturer to step up to the plate. In January, it announced plans for an initial investment of more than $20 billion in the construction of two new chip factories in Ohio. “The investment will help boost production to meet the surging demand for advanced semiconductors, powering a new generation of innovative products from Intel and serving the needs of foundry customers as part of the company’s IDM 2.0 strategy,” the company said in its announcement.
