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© Intel Business | November 25, 2020

Intel CEO pens open letter to President-elect Biden

Intel CEO Bob Swan is, in an open letter, urging the President-elect to invest in U.S. manufacturing.

“A national manufacturing strategy, including investment by the U.S. government in the domestic semiconductor industry, is critical to ensure American companies compete on a level playing field and lead the next generation of innovative technology,” the CEO writes in the letter. The CEO congratulated the President-elect Joe Biden and Vice President-elect Kamala Harris on Monday in an open letter as he urged the new leaders to invest in the country’s manufacturing sector and digital infrastructure. Bob Swan writes in the letter that “2020 has been a particularly disruptive year for the American people” and draws parallels to 1968 when the country was divided over the Vietnam War, race and undergoing a recession and experiencing mass protests shaping the political landscape. During this time Robert Noyce and Gordon Moore came together and founded Intel, starting a silicon revolution that gave rise to many future technologies. Something that the CEO says the company is ready to do again. “Today, Intel is the only U.S.-based manufacturer of leading-edge semiconductors, with more than 50,000 employees across the country and innovation hubs in Oregon, Arizona, Texas, New Mexico and California. We again stand at the ready to support the next generation of technological advancements,” the letter reads. As the President-elect starts to further develop the policy agenda that will lead the way for the next four year, the CEO urges the future leader to focus on several areas – among them is “investing in technology to solve the challenges posed by COVID” Here Bob Swan points to artificial intelligence, high performance computing and edge-to-cloud computing as critical components in government collection and analysis of data, diagnostics, treatment and vaccine development. Increasing U.S. manufacturing The letter continues and brings up data from the Semiconductor Industry Association, stating that the U.S. accounts for just 12% of global semiconductor production capacity, and more than 80% taking place in Asia. “Rising costs and foreign government subsidies to national champions are a significant disadvantage for U.S. semiconductor companies that make substantial capital investments domestically,” the CEO writes and points to a national manufacturing strategy, including investment by the government in the domestic semiconductor industry as a strategy which would allow American companies to compete on a level playing field “Your planned investment in American-made goods is critical to U.S. innovation and technology leadership,” the CEO writes. Mr. Swan is also asking Biden to increase investments in the country’s digital infrastructure as; “Widespread deployment of advanced 5G telecommunications networks will fuel efficiencies for businesses in all industries and enable more U.S. innovation. Upgrades to our infrastructure must not only handle the technology of today but spur domestic development of the technologies of tomorrow.”
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October 14 2021 5:14 pm V18.25.1-1