TSMC’s $100 billion pledge won’t resurrect US chipmaking, says Intel’s ex-CEO

Taiwan Semiconductor Manufacturing Company’s pledge to spend an extra $100 billion on advanced manufacturing plants in the US will do little to help the country restore its global lead in chipmaking, according to Pat Gelsinger, who was forced out as chief executive of Intel late last year.

His comments come less than a month after the White House hailed the investment from TSMC, the world’s largest chip manufacturer, as an important milestone in efforts to bring production of the most advanced semiconductors back on to US soil.

“If you don’t have R&D in the US, you will not have semiconductor leadership in the US,” Gelsinger said. “All of the R&D work of TSMC is in Taiwan, and they haven’t made any announcements to move that.”

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