Intel's $70 billion foundry pivot

	View in browser
	Try 1 year for $60
	Asia Daily Briefing November 4, 2022

	How Intel plans to rival TSMC and Samsung as a chip supplier PALO ALTO, U.S./TAIPEI -- Intel is on a mission to become a major contract chipmaker, with the goal of rivaling the top players in the industry -- TSMC and Samsung Electronics.   To do this the U.S. chip giant is spending $70 billion to build fabs and regain a technological edge in manufacturing lost to Asia over the past decades.   Investors, however, do not seem entirely convinced. Read more here.
	Selected for you Japan's auto parts maker Marelli to invest $1.76bn in growth areas Company under rehabilitation aims to turn profitable this year: CEO Read more Thai developer sees faster supply chain shift after China congress Relocations to deal with geopolitical risks fuel WHA Group's profit growth Read more U.S. chip curbs spark recruitment rush in China's tech sector Alibaba and others see chance to snap up engineers from foreign players Read more Indonesia Battery Corp. in talks with European automakers on EVs IBC also plans to acquire Australian lithium mines, says top official Read more Pakistan PM Sharif's China trip brings 'more words, little action' Experts say Beijing wants better security as turmoil rocks Islamabad Read more Loyalty race: Xi's 'secret crown prince' confounds loyalists China's group leadership system shatters as yes men wonder who is next in line Read more Singapore gene therapy startup Nuevocor snags more funding Biotech company pulls in another $11.6m from existing investors Read more
	Discover the all new Nikkei Asia app
	You received this email because you registered to the Nikkei Asia newsletters. Manage preferences or Unsubscribe.
	Please do not reply to this email. If you have any questions, visit our FAQs or contact us at https://info.asia.nikkei.com/customer-support 1-3-7, Otemachi, Chiyoda-ku, Tokyo, 100-8066, Japan Nikkei Inc. No reproduction without permission.