Squawk Pod Ceasefire in Gaza, Chips in America 10/13/25
Oct 13, 2025
Pat Gelsinger, former Intel CEO and current general partner at Playground Global, delves into the U.S. government's financial ties to semiconductors and the implications of the CHIPS Act. He shares insights on the AI chip race and warns of a potential bubble in AI enthusiasm. Amos Hochstein, former Middle East negotiator, discusses the recent Gaza ceasefire, the dynamics of regional stability, and the complexities of disarming Hamas. He analyzes the effects on global oil prices and international perceptions of Israel.
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Episode notes
Build And Fill Fabs Or Bust
- Prioritize the metric that matters: build and fill fabs in the U.S. to restore semiconductor resilience.
- Without filled fabs, government investment fails to secure supply chains or national security goals.
Bubble Dynamics Amid Structural AI Shift
- The current AI boom shows clear bubble dynamics but also durable structural change toward AI-driven computing.
- Pat Gelsinger expects the cycle to run for several years while efficiency breakthroughs gradually reshape economics.
Solve Power Limits First
- Address the new primary constraint: power, not chips or capital, for large AI deployments.
- Invest in national energy capacity so data centers can scale without hitting grid limits.
