How Intel plans to catch Samsung and TSMC and regain its dominance in the chip market

"They took their eye off the ball," said Stacy Rasgon, an analyst at Bernstein. "Once you fall off the treadmill, it's really really difficult to get back on. It's a very dynamic and fast-moving industry."

"It also starts building up that base within the United States, so that the United States can become more self-sufficient," said Ann Kelleher, Intel's senior vice president of technology development . "Every aspect of defense, intelligence, government operations is becoming more digital," Gelsinger said. "And we want to rely on foreign technology for those critical aspects of our defense and national security? I don't think so."

"We will be the world's largest integrated design and manufacturer of silicon for the long term," Gelsinger said.

But is there really a shortage of chips?

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