Intel CEO Charts Strategy To Secure Victory In Chip War with Immigration Reform: 'World Wants To Send Us Their Best...Let's Say Yes'

The escalating competition for chip supremacy demands a concerted effort from industry and government, warns Intel INTC CEO Pat Gelsinger. He emphasizes the critical role of technology supply chains in shaping geopolitical dynamics.

According to Barron’s report, Gelsinger, who took the helm at Intel in 2021, voiced these concerns during a recent session at the Economic Club of New York. He criticized the U.S. industrial policy of the past three decades, which has led to the outsourcing of the U.S. manufacturing base to Asia.

Gelsinger revealed that the U.S. and Europe currently hold a mere 20% of the global share of advanced chip factories, a significant drop from the 80% they controlled in the 1990s. Taiwan now dominates with 80% of the leading-edge chip manufacturing market.

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The Intel CEO warned of the dire consequences if Taiwan’s chip production is disrupted, potentially stalling the global economy.

“We need resilient supply chains. Those supply chains have to be in Europe, have to be in Asia, and must be in America,” he underscored.

Government support, he argues, is vital in this endeavor. He praises Intel’s role in advocating for the Chips and Science Act, which granted $50 billion for domestic chip manufacturing. However, he insists more is needed.

Gelsinger urged for quicker disbursement of Chips Act funds and increased investment in scientific research. Furthermore, he highlighted the talent shortage in the U.S. chip industry, attributing it to restrictive immigration policies. He advocated for a change in immigration laws, allowing highly skilled foreign nationals, particularly in the STEM fields, to stay and work in the U.S..

"I think we have to change our immigration policies. If the world wants to send us their best and brightest, let's say yes to them staying."

With adequate funding and policy reform, Gelsinger believes the U.S. and Europe could gain a 50% share of the advanced chip-making market by the decade’s end.

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