Intel CEO Pat Gelsinger says the tech giant is 'excited' to assist in chip production efforts that will bring the industry's supply chain back onto American soil.
Intel CEO Pat Gelsinger is sharing the lead technology company’s excitement over billions of dollars in federal grants that will help the U.S. return to chip production prominence. "This is a big investment to be a leading technology supplier for something so critical to our nation, the economy and our security. We're excited," Gelsinger said in a wide-ranging interview airing on "The Claman Countdown" Wednesday and Thursday.
The CEO noted it may take some time to expand upon their American-based supply chains in states like Arizona, New Mexico, Oregon and Ohio, but that it ultimately satisfies economic and national security interests. "It took 30 years, three decades of drifting of these supply chains to Asia. And as excited as I am about the CHIPS Act, it's three, four years of effort to restore it, Gelsinger told FOX Business’ Liz Claman. "It's going to take us a while to rebuild them.
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