Asia beat US, EU in chip building because the West didn't invest, Intel CEO claims

Gelsinger reckons pandemic-era supply chain snarls helped demonstrate the sector's importance
The COVID-19 pandemic was a decisive factor in Intel’s decision to re-emphasize its own manufacturing prowess, after decades in which US and European nations failed to recognize the importance of the semiconductor industry and allowed Taiwan and Korea to become global leaders, Intel CEO Pat Gelsinger told World Economic Forum chair Klaus Schwab in Davos on Wednesday.…