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Windows Central
Windows Central
Technology
Rebecca Spear

Intel CEO argues the company should get more CHIPS Act cash and fewer trade regulation limitations

Intel Corporation Patrick Gelsinger United States Joe Biden Semiconductor AMD National Security TSMC Windows Central
Intel CEO Pat Gelsinger speaking at Aspen Security Forum 2023.

What you need to know

  • On August 9, 2022 Joe Biden signed the CHIPS and Science Act into law which includes $39 billion in subsidies for chip manufacturers on US soil.
  • During Aspen Security Forum 2023, Intel CEO Pat Gelsinger stated that national security and the US economy are reasons why Intel should face fewer trade regulation restrictions.
  • He also controversially said that Intel should get a larger portion of the CHIPS Act money due to its US-based R&D, which Intel's competitors don't do.
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