60 Minutes’ Intel CEO interview breaks down the chip scarcity and world dependency on Asia

Tom Smith

Even though there were being several takeaways from Intel CEO Pat Gelsinger’s time on 60 Minutes, including the announcement that Intel will be paying huge revenue on Rio Rancho fab facility updates in addition to its $20 billion system to make new fabs in Arizona, the most important could possibly […]

Even though there were being several takeaways from Intel CEO Pat Gelsinger’s time on 60 Minutes, including the announcement that Intel will be paying huge revenue on Rio Rancho fab facility updates in addition to its $20 billion system to make new fabs in Arizona, the most important could possibly be the sobering words and phrases Gelsinger shared relating to the point out of the United States’ semiconductor dependency.

Right after viewers had been educated that there used to be 20-five chip companies globally and now there are only 3, with Intel currently being the only U.S.-based mostly a single, Gelsinger then gave a stat that goes a extended way towards conveying why the country’s in the shortage rut that it can be in.

“25 years ago, the United States developed 37% of the world’s semiconductor production in the U.S.,” Gelsinger explained. “Right now, that variety has declined to just 12%.”

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For comparison, 75% of semiconductor production currently comes about in Asia.

Gelsinger went on to say that reliance on any one region, primarily 1 this kind of as the at any time-unpredictable Asia, is a risky method. He included that Intel’s target is to carry some of that dependency again dwelling so that domestic chip output is much better geared up to handle the requirements of the U.S. citizenry, in addition to added benefits like building U.S. work opportunities. By bringing creation house, the U.S. will be in handle of its technological potential.

When TSMC’s outpacing of Intel in the manufacturing sector was brought up, Gelsinger experienced an optimistic take: “We feel it is really gonna consider us a few of decades and we will be caught up.”

Time will explain to if Intel can live up to that objective, catch up to TSMC, and enable secure the U.S. from long run chip shortages as dire as the present one particular.

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