By Steven Rodgers, General Counsel, Intel
Today, Intel announced it is forming a government affairs advisory committee to provide Intel’s leaders with a range of perspectives on global governmental and political matters. This committee will include eight distinguished representatives from both the public and private sectors and will meet three times a year. We believe the committee’s unique combination of experience in public policy, international relations, governance and business leadership will provide valuable knowledge and context to inform Intel’s own policy efforts and help address world challenges facing the semiconductor industry.
I’m honored to serve as executive manager of this advisory committee and to be in conversation with so many notable leaders from across business and government. Intel leaders participated in a conversation with committee vice chair Jon Huntsman, former governor of Utah and U.S. ambassador to China and the new vice chair of policy at Ford Motor Company. He spoke about a variety of issues, including how critical it is for multinational companies like Intel to remain ahead of political and economic trends and never be behind on policy issues. This is one of the main reasons Intel organized the committee; to ensure that our leadership team has access to deep insights and up-to-date interpretations of everything happening in the international policy sphere.
As Jon shared, “There’s going to be flux in the market. Balancing that requires good management, a good board of directors, and some good outside advisors, which Intel has.” It will also require strategic partnerships with customers and suppliers, which he praised Intel for including as part of our IDM 2.0 strategy. Announced in March of 2021, IDM 2.0 is a three-pronged strategy that combines Intel’s global manufacturing network for at-scale production, expanded use of third-party foundry capacity and the establishment of a world-class foundry business, Intel Foundry Services, with U.S.- and Europe-based foundry capacity.
This focus on strategic partnerships, Jon said, will be important as the U.S. enters an unprecedented period of public-private collaborations for R&D, infrastructure funding and workforce training. He predicts that, in the near future, Intel will continue to see an increase in these partnerships as a result of a combination of factors, including the impact of COVID-19, the new focus on infrastructure from the Biden administration and the shifting policy landscape, both domestic and international.
Jon shared great insights about today’s big policy issues, the history of the complex relationship between U.S. and China and his predications for it, and the fundamental role that Intel plays in manufacturing. I look forward to working with him and the rest of the committee members to understand how Intel can best navigate the shifting worlds of public and global policy. Intel will continue to recruit members to the committee to include additional perspectives and expertise.
Learn more about the advisory committee members here.