U.S. Govt pushes Nvidia and Apple to use Intel's foundries
Department of Commerce Secretary Raimondo makes appeal for US-based chip production
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During a meeting with U.S. Department of Commerce Secretary Gina Raimondo, Intel CEO Pat Gelsinger expressed frustration with America’s reliance on TSMC to produce advanced chips. After this, Raimondo (via CNBC) went on private meetings with some public market investors, including shareholders of tech giants Nvidia and Apple, encouraging them to push their companies to use U.S. foundries to produce AI chips.
The discussions between the investors and the Secretary were not publicly revealed. Still, sources say that the latter highlighted the growing geopolitical risk around Taiwan, especially as China is eyeing to invade the de facto country.
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