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Intel chief executive Pat Gelsinger said that it could take a couple of years for the ongoing global semiconductor shortage to be resolved.
Article by Franz Walker from Natural News.
On Monday, May 31, during a virtual session of the Computex trade show in Taipei, Gelsinger stated that the work-and-study-from-home trend during the Wuhan coronavirus (COVID-19) pandemic has led to a cycle of “explosive growth” in demand for semiconductors. This has placed a huge strain on global supply chains.
“But while the industry has taken steps to address near-term constraints, it could still take a couple of years for the ecosystem to address shortages of foundry capacity, substrates and components,” he said.
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Shortage will continue until more chip manufacturing plants are built
Gelsinger’s statements come just over a month after he predicted that the shortage would last another two years, until Intel’s new production facilities are up and running.
Intel, the world’s largest semiconductor maker by revenue, unveiled plans in March to invest $20 billion in new fabrication facilities in Arizona that it would open to outside customers.
The plants should boost U.S. semiconductor manufacturing capacity. This has fallen to 12 percent of global output, down from 37 percent in 1990, according to the Semiconductor Industry Association.
Intel’s plans are seen as directly challenging the two other companies in the world that make the most advanced Chips – Taiwan Semiconductor Manufacturing Co. (TSMC) and Samsung Electronics.
These two companies have come to dominate the semiconductor manufacturing business. They’ve dominance has moved the bulk of global semiconductor manufacturing from the United States, where much of the technology was invented, to Asia, where more than two-thirds of advanced chips are now produced.
That said, Intel is also investing in facilities outside the U.S.
“We plan to expand to other locations in the US and Europe, ensuring a sustainable and secure semiconductor supply chain for the world,” Gelsinger said, though he did not elaborate on this any further.
Taiwanese government will try to keep the world supplied even as COVID-19 cases mount
Even as Gelsinger predicts two more years of the shortage, the Taiwanese government is pledging that it will try to keep the world supplied with chips even as COVID-19 cases escalate.
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Taiwan, which added 240 cases on Tuesday, June 1, has closed schools, curbed social gatherings and shut down entertainment venues, museums and public facilities. Businesses and factories have been allowed to continue to operate. But the government has required them to allow parents to take time off to care for their children.
“The impact on consumption is obvious, because restaurants and the service sector have been required to observe more strict social-distancing,” said Rick Lo, chief economist at Fubon Financial Holdings. “In manufacturing, for now it’s still safe, but if the situation gets worse then workers might not be able to work in the factories. The downside risk is increasing and it really depends on how quickly the outbreak is controlled.”
TSMC on Monday said that its workers are operating in separate teams. Face-to-face meetings have also been curbed and non-essential vendors have been banned from its facilities.
American officials and executives have voiced concerns about the world’s dependence on chips from the island. When asked if the country would prioritize orders from U.S. carmakers as requested by Washington, National Development Council Minister Kung Ming-hsin said they’ll try to meet global car-chip orders as much as possible. (Related: Chip shortage cripples car production amid high demand.)
Follow Computing.news for more news on the ongoing semiconductor shortage.
‘The Purge’ by Big Tech targets conservatives, including us
Just when we thought the Covid-19 lockdowns were ending and our ability to stay afloat was improving, censorship reared its ugly head.
For the last few months, NOQ Report, Conservative Playbook, and the American Conservative Movement have appealed to our readers for assistance in staying afloat through Covid-19 lockdowns. The downturn in the economy has limited our ability to generate proper ad revenue just as our traffic was skyrocketing. We had our first sustained stretch of three months with over a million visitors in November, December, and January, but February saw a dip.
It wasn’t just the shortened month. We expected that. We also expected the continuation of dropping traffic from “woke” Big Tech companies like Google, Facebook, and Twitter, but it has actually been much worse than anticipated. Our Twitter account was banned. Both of our YouTube accounts were banned. Facebook “fact-checks” everything we post. Spotify canceled us. Medium canceled us. Apple canceled us. Why? Because we believe in the truth prevailing, and that means we will continue to discuss “taboo” topics.
The 2020 presidential election was stolen. You can’t say that on Big Tech platforms without risking cancellation, but we’d rather get cancelled for telling the truth rather than staying around to repeat mainstream media’s lies. They have been covering it up since before the election and they’ve convinced the vast majority of conservative news outlets that they will be harmed if they continue to discuss voter fraud. We refuse to back down. The truth is the truth.
The lies associated with Covid-19 are only slightly more prevalent than the suppression of valid scientific information that runs counter to the prescribed narrative. We should be allowed to ask questions about the vaccines, for example, as there is ample evidence for concern. One does not have to be an “anti-vaxxer” in order to want answers about vaccines that are still considered experimental and that have a track record in a short period of time of having side-effects, including death. One of our stories about the Johnson & Johnson “vaccine” causing blood clots was “fact-checked” and removed one day before the government hit the brakes on it. These questions and news items are not allowed on Big Tech which is just another reason we are getting canceled.
There are more topics that they refuse to allow. In turn, we refuse to stop discussing them. This is why we desperately need your help. The best way NOQ, CP, and ACM readers can help is to donate. Our Giving Fuel page makes it easy to donate one-time or monthly. Alternatively, you can donate through PayPal as well. We are pacing to be short by about $3700 per month in order to maintain operations.
The second way to help is to become a partner. We’ve strongly considered seeking angel investors in the past but because we were paying the bills, it didn’t seem necessary. Now, we’re struggling to pay the bills. We had 5,657,724 sessions on our website from November, 2020, through February, 2021. Our intention is to elevate that to higher levels this year by focusing on a strategy that relies on free speech rather than being beholden to progressive Big Tech companies.
During that four-month stretch, Twitter and Facebook accounted for about 20% of our traffic. We are actively working on operating as if that traffic is zero, replacing it with platforms that operate more freely such as Gab, Parler, and others. While we were never as dependent on Big Tech as most conservative sites, we’d like to be completely free from them. That doesn’t mean we will block them, but we refuse to be beholden to companies that absolutely despise us simply because of our political ideology.
We’re heading in the right direction and we believe we’re ready talk to patriotic investors who want to not only “get in on the action” but more importantly who want to help America hear the truth. Interested investors should contact me directly with the contact button above.
As the world spirals towards radical progressivism, the need for truthful journalism has never been greater. But in these times, we need as many conservative media voices as possible. Please help keep NOQ Report going.
Yes, We Need Your Help
I hate being “that guy” who asks people to donate because I think our conservative news network is so crucial, but here I am…
When I left my cushy corporate job in 2017, I did so knowing that my family would have to make sacrifices. But I couldn’t continue to watch the nation slip into oblivion and was inspired by President Trump’s willingness to fight the good fight even at his own personal expense. What I didn’t realize then is that conservative media would be so heavily attacked, canceled, and defunded that the sacrifices would be extreme.
Many in this nation are struggling right now even though we weren’t struggling just a few years ago. I’m not alone. But I wake up every morning and operate the sites we’ve been able to build because there’s really no other choice. I refuse to be beholden to Big Tech like so many other conservative news outlets, which is why you won’t see Google ads here. With that said, it’s often challenging to pay the bills and it’s even harder to expand so we can get the America First message out to a wider audience.
The economic downturn has forced me to make a plea for help. Between cancel culture, lockdowns, and diminishing ad revenue, we need financial assistance in order to continue to spread the truth. We ask all who have the means, please donate through our Giving Fuel. Your generosity is what keeps these sites running and allows us to expand our reach so the truth can get to the masses. We’ve had great success in growing but we know we can do more with your assistance.
We currently operate:
- NOQ Report
- Conservative Playlist
- Uncanceled News
- Based Underground
- Five other conservative news sites
I would even be willing to entertain investments and partnerships at this stage. I’ve turned them down in the past because editorial purity is extremely important. I’ll turn them down again if anyone wants us to start supporting RINOs or avoid “taboo” topics like voter fraud, vaccines, or transgender supremacy. But I’d talk to fellow America First patriots who want to help any (or all) of our 10 news sites. Hit me up at jdrucker (at) substack (dot) com if you’re interested.
For those who have the means and just want to help keep the mission of spreading a conservative, Christian message to the nation, please consider a generous donation.
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