Intel CEO Charts Strategy To Secure Victory In Chip War with Immigration Reform: 'World Wants To Send Us Their Best...Let's Say Yes'
Portfolio Pulse from Benzinga Neuro
Intel CEO Pat Gelsinger has emphasized the need for a concerted effort from industry and government to secure victory in the chip war. He criticized the U.S. industrial policy of the past three decades, which led to the outsourcing of the U.S. manufacturing base to Asia. Gelsinger revealed that the U.S. and Europe currently hold only 20% of the global share of advanced chip factories, a significant drop from the 80% they controlled in the 1990s. He urged for quicker disbursement of Chips Act funds and increased investment in scientific research, as well as a change in immigration laws to address the talent shortage in the U.S. chip industry.
October 19, 2023 | 4:10 am
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Intel's CEO calls for increased government support and policy reforms to regain the US and Europe's share in the global chip market. This could potentially boost Intel's position in the industry.
Intel's CEO's call for increased government support and policy reforms, if successful, could lead to a boost in the company's market share and position in the industry. This could potentially lead to an increase in the company's stock price in the short term.
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