Tag: Intel Corporation

Biden Looks to Intel’s U.S. Investment to Buoy His China Agenda

Chin@Strategy

WASHINGTON — In celebrating a $20 billion investment by Intel in a new semiconductor plant in Ohio, President Biden sought on Friday to jump-start a stalled element of his economic and national security agenda: a huge federal investment in manufacturing, research and development in technologies that China is also seeking to dominate. With two other major legislative priorities sitting moribund in Congress — the Build Back Better Act and legislation to protect voting rights — Mr. Biden moved to press for another bill, and one that has significant bipartisan support.…

Intel apologizes over its statement on forced labor in Xinjiang.

Chin@Strategy

Intel apologized on Thursday after a letter in which the chip maker said it would avoid products and labor from Xinjiang set off an outcry on Chinese social media, making it the latest American company caught between the world’s two largest economies. The chip maker apologized to its Chinese customers, partners and the public in a Chinese-language statement on Weibo, the popular social media site. The company said that the letter, which had been sent to suppliers, was an effort at expressing its compliance with United States sanctions against Xinjiang,…