U.S. priority should be American chipmakers, not TSMC: Intel chief

PALO ALTO, U.S. -- The U.S. should invest more in American chipmakers rather than their Asian rivals such as TSMC and Samsung, Intel CEO Pat Gelsinger said Wednesday, adding that domestic companies would give the country more control of intellectual property.

Samsung Electronics announced last week that it will invest $17 billion to build new chip factory in Texas, part of Washington's push to bring more semiconductor manufacturing onshore. That followed Taiwan Semiconductor Manufacturing Co.'s June announcement that it had started construction on a $12 billion chip plant in Arizona.