CPUs and GPUs are the new oil and gas says Intel CEO

Computer chips are more important than oil and gas. So says none other than Pat Gelsinger, Intel’s CEO. Speaking to CNN while attending the World Economic Forum in Davos, Gelsinger explained why computer chips are the defining technology of our time.

“Geopolitics has been defined by where the oil reserves are for the last five decades. For the next several decades, where the fabs are is more important,” Gelsinger says (opens in new tab), “because every aspect of human existence is becoming more digital. Everything digital runs on semiconductors.”


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