Intel Deploys $70 Billion To Overtake Samsung, TSMC In Chip Business

<h4>Intel Deploys &dollar;70 Billion To Overtake Samsung&comma; TSMC In Chip Business<&sol;h4>&NewLine;<p><img class&equals;"alignnone size-medium wp-image-17790" src&equals;"https&colon;&sol;&sol;openlife&period;ng&sol;wp-content&sol;uploads&sol;2022&sol;11&sol;Intel-300x169&period;jpg" alt&equals;"Intel Deploys &dollar;70 Billion " width&equals;"300" height&equals;"169" &sol;><br &sol;>&NewLine;<strong><a href&equals;"https&colon;&sol;&sol;openlife&period;ng&sol;">OpenLife Nigeria<&sol;a><&sol;strong> reports that Intel is on a mission to become a major contract chipmaker&comma; with the goal of rivaling Taiwan Semiconductor Manufacturing Company&comma; TSMC&comma; and Samsung Electronics&comma; reputed as the top players in the industry&period;<br &sol;>&NewLine;To do this the U&period;S&period; chip giant is spending &dollar;70 billion to build fabs and regain a technological edge in manufacturing lost to Asia over the past decades&period;<br &sol;>&NewLine;At the moment&comma; investors&comma; however&comma; do not seem entirely convinced about this prospects&period;<br &sol;>&NewLine;However&comma; market analysts are of the belief that pulling off such a transformation would re shape the global chip making landscape at a time of unprecedented geo political tension over control of such crucial technology&period;<br &sol;>&NewLine;According to OpenLife findings&comma; since Pat Gelsinger&comma; the Chief Executive Officer in early 2021&comma; his mission has been to transform America’s biggest semiconductor company into a major contract chip maker&period;<br &sol;>&NewLine;Meanwhile&comma; <a href&equals;"https&colon;&sol;&sol;punchng&period;com&sol;">Morris Chang&comma; the founder&comma; as well as former chairman and CEO of TSMC<&sol;a>&comma; as of October 2021&comma;has net worth estimated at US&dollar;2&period;8 billion&period;<br &sol;>&NewLine;Semiconductors are the brains behind the technology that permeates all interactions&horbar;the global communications network&comma; every social media interaction&comma; every retail experience&comma; and every vehicle&comma; hospital&comma; farm and factory floor&horbar; creating societal and economic value around the globe&period; They also power the advanced technologies that keep us safe&period;<&sol;p>&NewLine;