Intel CEO Pat Gelsinger said it wants to regain its position as the world’s leading chipmaker, after overtaking rivals TSMC and Samsung in recent years.

“We want to make everybody’s chips, everybody’s AI chips. We want them to be made leveraging American factories,” Gelsinger told CNBC on the sidelines of the Computex tech conference in Taipei on Tuesday.

Intel wants to boost its struggling foundry business, which posted a widening operating loss of $7 billion in 2023 compared with the previous year. Currently it is not in the top six foundries by revenue, according to one Counterpoint Research Report On May 22

The company was the world’s largest chipmaker until 2017 when Samsung Electronics overtook it in revenue. Taiwan Semiconductor Manufacturing Co Reportedly overtaking Samsung in 2023 To become the world’s largest foundry by revenue.

“The first piece is to go back to leadership, because many of the disadvantages are associated with having non-competitive process technology,” Gelsinger said.

The $8.5 billion in CHIPS and SCIENCE Act funding from the Biden administration, along with another possible $11 billion, is expected to help Intel advance its semiconductor manufacturing and research and development.

“Capital is important. And what we said is if we’re going to build these factories in America, we’ve got to have economic competition, and that’s what the CHIPS Act has done. It’s created a level playing field if I Building one. Factory in Asia vs. America,” Gelsinger said.

Intel, which also designs chips, wants to catch up. Nvidia And AMD After being on the sidelines of the massive AI frenzy that saw tech giants Meta, Microsoft and Google buy more and more Nvidia chips.

During the Computex tech conference in Taipei on Tuesday, Gelsinger unveiled a new Xeon 6 processor for data centers with better performance and power efficiency than its predecessor.

“The Xeon 6 was a huge step forward in our competitiveness to not only maintain our market, but to regain some of the market share opportunities we’ve lost,” Gelsinger said.

“And as we get through that and get back to (chip manufacturing) process leadership, we’ll have much better profitability as well,” he added.

China remains a big market.

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“And as I would say, navigate carefully, build products, make sure we’re complying with the laws of both countries, but also build products that are compelling.”

US chip giants Intel, Broadcom, Qualcomm and Marvell Technology all generate more revenue from China than from the US, S&P Global data compiled in March showed.

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