Pat Gelsinger warns TSMC's $100 billion U.S. investment will not restore American semiconductor dominance

Big quote: Former Intel CEO Pat Gelsinger has cast doubt on the effectiveness of TSMC's $100 billion investment in U.S. chip manufacturing, claiming that it will not restore American leadership in the semiconductor industry. In a recent interview with the Financial Times, Gelsinger emphasized the critical role of research and development in maintaining semiconductor leadership. "If you don't have R&D in the U.S., you will not have semiconductor leadership in the U.S.," he told the publication. Gelsinger pointed out that TSMC's core research and development activities remain concentrated in Taiwan, with no announced plans to relocate these operations to the United States. While acknowledging that TSMC's investment will increase U.S. semiconductor production capacity, Gelsinger argued that manufacturing alone is insufficient to regain technological leadership. "Unless you're designing the next-generation transistor technology in the U.S., you do not have leadership in the U.S.," he sai ... Read full article.