During a meeting with U.S. Department of Commerce Secretary Gina Raimondo, Intel CEO Pat Gelsinger expressed frustration with America’s reliance on TSMC to produce advanced chips. After this, Raimondo (via CNBC) went on private meetings with some public market investors, including shareholders of tech giants Nvidia and Apple, encouraging them to push their companies to use U.S. foundries to produce AI chips.
The discussions between the investors and the Secretary were not publicly revealed. Still, sources say that the latter highlighted the growing geopolitical risk around Taiwan, especially as China is eyeing to invade the de facto country. Aside from this, Washington is also investing more on the American semiconductor industry than the last 28 years combined, so the White House is likely keen on pushing American companies to use locally produced chips.
