TECH - Intel CEO Charts Strategy To Secure Victory In Chip War with Immigration Reform: 'World Wants To Send Us Their Best...Let's Say Yes' | Benzinga
The escalating competition for chip supremacy demands a concerted effort from industry and government, warns Intel (NASDAQ:INTC) CEO Pat Gelsinger. He emphasizes the critical role of technology supply chains in shaping geopolitical dynamics.
According to Barron’s report, Gelsinger, who took the helm at Intel in 2021, voiced these concerns during a recent session at the Economic Club of New York. He criticized the U.S. industrial policy of the past three decades, which has led to the outsourcing of the U.S. manufacturing base to Asia.
Gelsinger revealed that the U.S. and Europe currently hold a mere 20% of the global share of advanced chip factories, a significant drop from the 80% they controlled in the 1990s. Taiwan now dominates with 80% of the leading-edge chip manufacturing market.
The Intel CEO warned of the dire consequences if Taiwan’s chip production is disrupted, potentially stalling the global economy.
“We need resilient supply chains. Those supply ...