25 days ago • Posted by William Ramstein
Chip plants will continue seeing increased demand in 2021
Even before Intel’s latest investment plan the semiconductor industry was on pace for record capital spending. The industry globally was expected to plow a record $129.4 billion into things such as new plants and equipment, up around 14% from a year ago. Intel became America’s chip-making icon over decades by designing the most advanced chips and making them in-house. But it stumbled in recent years, falling behind rivals that typically specialized either in chip design or production. Graphic-chips rival Nvidia Corp. , which outsources all chip-making, last year surpassed Intel as the most valuable U.S. semiconductor company.