Intel CEO Pat Gelsinger praises the CHIPS and Science Act for advancing the U.S. semiconductor industry to compete with China while at the World Economic Forum.
, supply chains and national security, and invests in research and development, science and technology.Gelsinger noted that the renewed commitment to American manufacturing and the semiconductor industry will help the overall global economy in addition to cutting dependence on Taiwan.
"Everything is becoming more and more digital and everything digital runs on semiconductors. So this is critical to every aspect of human existence," he said. "Where the oil reserves are [located] defined geopolitics for the last five decades; where the technology supply chains and semiconductors are located will define geopolitics for the next five. It's that important.". Gelsinger said bringing these advancements into central hubs of U.S.
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