The CEO of one of the largest employers in Arizona said the global chip supply will shape politics in the coming decades, according to reports. phoenix
By American City Business JournalsIntel Corp. CEO Pat Gelsinger brought his mission to build up U.S. semiconductor production to the stage at Davos this week.
According to media reports, Gelsinger said ceding chipmaking dominance to Asia was a mistake that will"take decades to fix","We needed a global crisis to realize we had allowed ourselves to become dependent on single points of failure in the supply chain," he said in a speech at the World Economic Forum, reported by the Journal, referring to the recent global shortage of chips.
“Where the technology supply chains are, and where semiconductors are built, is more important for the next five decades,” he said."If we’ve learned one thing from the Covid crisis and this multi-year journey that we’ve been on it’s we need resilience in our supply chains." Gelsinger's comments emphasize a message he has been pushing for much of his tenure as head of the chipmaking giant. Intel backed the $52 billion Chips and Science Act to subsidize domestic production of semiconductors, passed last year.
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