Gina Raimondo, the U.S. secretary of commerce, tried to influence her at an annual meeting of tech executives and entrepreneurs in Sun Valley, Idaho, to help save an ailing national hero. Ms. Raimondo met with CEOs of Microsoft, Google, and other companies to urge them to get their semiconductors from the US, including Intel, as business moguls and company leaders cut offers nearby. It was important to make more cards in America, she told them, and Intel, the American device giant, was vital to that endeavor. Ms. Raimondo, who is overseeing the Biden administration’s opportunities in the chip business, has made similar requests in meetings and phone calls over the past year. She has urged professionals at Apple, Amazon, Nvidia, AMD, Marvell Technology and other businesses to consider ordering cards from Intel’s U. S. manufacturing species, according to eight people acquainted with those calls, most of whom asked for privacy to discuss private conversations. Because Intel’s chip-making methods are not as powerful as those of Taiwan Semiconductor Manufacturing Co., the world’s leading device manufacturer and their main supplier, these folks said, a majority of the companies have turned down her offers. The questions raised by senior tech executives demonstrate how much Intel has fallen at a time when Ms. Raimondo is attempting to restore American chip production. Her illegal position as a device seller highlights how much is being impacted by President Biden’s efforts to boost domestic semiconductor production. Intel, a 56-year-old company, is at the center of this endeavor. While the Biden administration’s initiative involves some businesses, a vital part of its motivation is pegged to Intel, which lobbied — and helped secure seats — for the 2022 CHIPS Act. We are having difficulty retrieving the article’s information. In your browser’s settings, kindly allow JavaScript. Thank you for your patience as we verify entry. If you are in Audience mode please leave and log into your Times accounts, or listen for all of The Times. Thank you for your patience as we verify entry. Now a subscription? Register in. Want all of The Times? Subscribe.
The White House Bet on Intel A Lot. Did It Backfire?
