Intel’s new spending in New Mexico won’t clear the current chip shortage problem

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Semiconductor maker Intel has announced plans to invest $3.5 billion in expanding its operations in New Mexico to handle its Foveros 3D packaging technology. That follows an increased focus by the Biden administration on U.S. semiconductor supply chains, though Intel’s investment will do little to clear the current industry shortage of chips for a variety of sectors. There’s evidence of reduced investment across the U.S. semiconductor sector with U.S. imports of semiconductor equipment down by 11.6% year over year in Q1’21, following a 24.2% slide in Q4’20. In April there’s likely to hav...

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