Biden Loves Intel’s Plan To Produce Semiconductors. What About Bitcoin Mining?

Intel played a big role in President Biden ’s State of the Union address. He highlighted the company’s plan to manufacture semiconductor chips in Ohio, and said, “Make more cars and semiconductors in America. More infrastructure and innovation in America.” Was he secretly approving Intel’s plan to produce ASIC bitcoin miners? Or did he not know that those semiconductors are an integral part of those machines? Make no mistake, semiconductor chips or integrated circuits are an integral part of almost every technological device around you. And Intel is a huge company with many products and many clients. Those semiconductors Intel is planning to produce will go everywhere. However, there’s no denying that ASICs are a big part of the company’s future plans. Recently, NewsBTC quoted Intel’s CEO Pat Gelsinger saying: “Intel is about to bring forward a blockchain chip that’s dramatically better. That is orders of magnitude better in terms of power performance. So, we’re helping solve the climate issue.” Exaggerations aside, Pat Gelsinger was a big part of President Biden ‘s State of the Union address the other day. What Did President Biden Say About Intel? One of Biden ‘s big success stories was Intel’s $20B investment in Ohio. That plant will exclusively make semiconductor chips. There’s a global shortage for those, and more than 170 industries depend on them. Nowadays, China, South Korea, and Taiwan are the main producers of i...