Mackenzie Hawkins

The US is in the midst of a big effort to bring more semiconductor manufacturing onshore. Intel is the biggest US semiconductor manufacturer. There's just one problem. Intel has really been struggling to get its fab operations up and running in a timely, efficient manner. So what's the problem, and can the company turn things around? On this episode of Lots More, we speak to Stacy Rasgon of Bernstein Research and Mackenzie Hawkins of Bloomberg News to discuss the current struggles and future prospects for the company. Mentioned in this episode: Intel Gets Multibillion-Dollar Apollo Offer as Qualcomm Circles Arm Is Rebuffed by Intel After Inquiring About Buying Product Unit Only Bloomberg.com subscribers can get the Odd Lots newsletter in their inbox each week, plus unlimited access to the site and app. Subscribe at bloomberg.com/subscriptions/oddlots See omnystudio.com/listener for privacy information.

Stacy Rasgon

Analyst

Bernstein Research

Mackenzie Hawkins

Reporter

Bloomberg News

In 2022, Congress passed the CHIPS Act, which set aside tens of billions of dollars in loans and grants in order to encourage companies to build new semiconductor fabs in the United States. We're still very early in the process. It's going to be a long time before we know if the US will become a major player again in the production of advanced chips. But the process is well underway and the bulk of the awards have been officially announced, with much of the money going to Intel, Samsung, TSMC, and others. So how did the grants get allocated — and what's next? On this episode of Lots More, we speak with Bloomberg News reporter Mackenzie Hawkins on the latest developments. See omnystudio.com/listener for privacy information.

Mackenzie Hawkins

Reporter

Bloomberg News