Intel CEO to visit Taiwan for talks crucial to turnaround bid

This is Gelsinger’s first trip to Asia since taking the top job at Intel earlier this year and comes as he publicly lobbies the US government to allocate money for the country’s chip industry to domestic companies only. — Bloomberg

Intel Corp chief executive officer Pat Gelsinger will visit Taiwan and Malaysia next week for talks that show how manufacturing in Asia is crucial to his efforts to turn around the fortunes of the world’s largest chipmaker by revenue.

Gelsinger’s trip will include a meeting with leaders of Taiwan Semiconductor Manufacturing Co, according to people familiar with his plans. Intel both needs TSMC’s advanced manufacturing services and plans to compete with the Taiwanese company in the so-called foundry business, a tricky balancing act for the CEO.