Tech

Bargaining chips: How the semiconductor industry has emerged as an industrial battleground

Despite US manufacturers recently securing the $280 billion Chips Act, Intel is preparing to slash spending and cut tens of thousands of jobs. Why is the world’s largest semiconductor manufacturer making such a dramatic U-turn, and what could it mean for Ireland?

Manufacturing microchips: ‘Microchips are similar to oil in terms of their importance to running a modern economy’. Picture: Getty