Intel, Micron spending plans show chip diplomacy moves

US is seeking to strengthen key supply chains outside of China to contain Beijing's ambitions

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Intel Corp and Micron Technology Incare planning to spend billions of dollars on new chip plants outside of the US, highlighting a global race to diversify supplies of critical components amid tensions with China.

Intel chief executive officer Pat Gelsinger flew to Wroclaw, Poland, to announce a new $4.6 billion chip facility in the 1,000-year-old university town, marking a record US investment in the country.

Micron is close to an agreement to commit at least $1 billion toward setting up a semiconductor packaging factory in India, people familiar with the matter said.

"With this investment today, and others in the EU, we're excited to play a critical enabling point to building these more resilient supply chains," Gelsinger said at a press conference announcing the plans in Wroclaw, Poland on Friday.

Earlier, a post on Polish prime minister Mateusz Morawiecki's Twitter page said that 20 billion zloty ($4.9 billion) will be allocated by Intel to the project.