Former Intel CEO warns US chip comeback still has long way to go

Core Insights - The U.S. still has significant challenges in reclaiming chip production from Asia, as highlighted by former Intel CEO Pat Gelsinger, who emphasized that the number of wafers produced in America is the key metric for progress [1][5] - The Trump administration is actively working to strengthen U.S. chip manufacturing, including taking a nearly 10% stake in Intel as part of a national security initiative [2][8] - Gelsinger noted that while there are milestones in chip manufacturing, major companies like Nvidia and AMD need to commit to producing chips in the U.S. for long-term success [9][10] Group 1 - Gelsinger stated that the return of chip manufacturing to the U.S. will take time, as it took decades for production to shift to Asia [5] - The concentration of advanced chip manufacturing in Asia, particularly Taiwan, raises economic and national security concerns for the U.S. [5] - The U.S. government views advanced computer chips as vital for military and competitive purposes in the AI sector [8] Group 2 - President Trump praised Intel's efforts and expressed support for the company's initiatives to bring chip manufacturing back to the U.S. [6][8] - Gelsinger expressed encouragement regarding recent milestones in chip manufacturing but acknowledged that more work is needed [10] - The collaboration between the U.S. government and Intel is part of a broader strategy to enhance domestic semiconductor production [2][8]