Squawk Pod Reports from Davos: Intel CEO Pat Gelsinger 01/16/24

Squawk Pod

CNBC

Investing, Business, News, Business News

4.2 • 543 Ratings

🗓️ 16 January 2024

⏱️ 15 minutes

🔗️ Recording | iTunes | RSS

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Summary

In a special episode of Squawk Pod, Joe Kernen, Becky Quick, and Andrew Ross Sorkin are at the World Economic Forum in Davos, Switzerland, where they’re speaking with Intel CEO Pat Gelsinger. Intel has a new line of chips for generative AI, and investors are excited–bumping the stock up 12% in the wake of that announcement. Gelsinger sees his business and the expansion of semiconductor production in Europe and the US as crucial to establishing a stable world order. He says, a balanced supply chain is key to geopolitics. In this episode: Becky Quick, @BeckyQuick Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Cameron Costa, @CameronCostaNY

Transcript

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0:00.0	I believe there's great risk here by any area of the world being a
0:08.8	disproportionate portion of the supply chain for something so critical.
0:13.0	Intel CEO Pat Geldinger is at the World Economic Forum in Davos, Switzerland.
0:19.0	And so are we.
0:20.0	You knew it was coming up.
0:22.0	We've been thinking about it for... well, we've been thinking about it.
0:24.0	I think since I was.
0:25.0	Less thoughts.
0:26.0	Joe Kernan, Becky Quick, and Andrew Ross-Sorkin,
0:29.0	sit down with Gelsinger to talk semiconductors, the AI revolution, and balancing an uneven supply chain.
0:36.2	People say it's an uncertain world.
0:38.6	I need resilience and the most critical element to the supply chain my semiconductors.
0:44.3	Why Gelsinger says Intel's business and the overall expansion of chip production in the
0:49.8	U.S. and Europe is so crucial to a stable world order.
0:54.4	If you have a more balanced supply chain,
0:56.2	everybody can make better policy.
0:58.5	If you have unique harsh dependencies,
1:01.3	then small things must become big things.
1:03.8	Plus, the role of talent in tech these days.
1:06.9	Every high ed degree should come stamp with a green card to go with it.
1:10.4	We need this talent.
1:12.0	I'm see and beBC producer Cameron Costa.
	...

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