>> gelsinger: $10 billion. >> stahl: billion? >> gelsinger: $10 billion.ause each one of these pieces of equipment is maybe $5 million. that's a lot of millions of dollars. >> stahl: chips differ in size and sophistication, depending on their end-use. intel doesn't presently make many chips for the auto sector, but because of the shortage, it's planning to reconfigure some of its fabs to start churning them out. i'm wondering if we're going to continue to have shortages, not just in cars, but in our phones and for our computers, for everything? >> gelsinger: i think we have a couple of years until we catch up to this surging demand across every aspect of the business. >> stahl: covid showed that the global supply chain of chips is fragile, and unable to react quickly to changes in demand. one reason? fabs are wildly expensive to build, furbish, and maintain. it used to be that there were 25 companies in the world that made the high-end, cutting-edge chips. and now, there are only three. and in the united states? you. >> gelsinger: yeah. >> stahl: one. one.

gelsinger, the new president of intel, he came in because intel has had problems, watched samsung andivals pass them by in the really high end chips, and yeah, they've got a >>>. >> today it's washington and a lobbying group and they're -- grauvling for money. the chinese are putting money in their chips and we'll lose ground in them a standard lobbying argument in washington the semiconductor company is not very good. the fact is preand open competition, premarkets, are the kind of markets that the chip industry thrives in. and government subsidies are bad for chip industry. i don't buy that i don't think weside the give money to some of the richest companies in the world >> free and open markets we have a industry that continues to consolidate i mean going back to intel voiced his interest in acquiring something as well with us yesterday. do you expect we continue to see more of this type of deal making and that, essentially, the biggest players get bigger >> yes that's been the trend. cars are 110 car companies in 1900 and now we have big two and one or two big companies off shore.

you are a fiery pat gelsinger.e for inl tell and the semiconductor industry in our country which we thank you for and thank you for coming on the show. >> great interview, jim. what do you got tonight? >> five serve. when you do fintech, not everything is new. an established company, made a fortune on fds and i have to get to the bottom of this with the cars. everyone is selling ford and gm. lithia one of the largest car dealers in the country let's find out what is going on. not just because my daughter lived a block away from where brian lived. >> thank you see you tonight. >> terrific. >> of p.6:00 p.m. "mad money." >>> well, as we head to a quick break, a look at the roadmap for the rest of the hour facebook wanting to bring vr to the workplace. plus, as the delta variant continues to spread, the travel sector is feeling the pain. >> got an exclusive with the ceo of macy's coming up on the heels of their blowout quarter interesting comments about the difference between rural and urban storrs the s&p is greenndh

>> gelsinger, i think he's tinkering with that super computer i'd rather not talk about supercomputer since you trashed us for talking about super computer. >> i didn' now, russia is obviously a prime suspect as well, in terms of cyber crime and spying but cyber espionage, the chinese. they're competing with the chinese. >> there are business people trying to get better relations are china. that was important >> you're not one of them. >> i love the chinese people my father worked for china -- >> bloomberg has a piece out this morning about some prom n prominant econnist in china about robbing the rich to pay for the poor results in the opposite of prosperity, in their view >> yesterday we talked about what they've created we have to remember they did it as a dictatorship. >> and a significant bump up in many of the names. you can see today though, giving up a bit but yesterday was a big day. and 10 cent, with over $10 billion in nishtives to help rural farmers and the like >> i think wind is the safest way to play them the government made it so it was easier for them to get their cov

pat gelsinger, i think, has inherited a very good business, and it's going to e, i think, may be the self-driving so i'm not giving up on self-driving because i think that if we had hrobots that drov rather than humans when henry ford started mass producing, we have far fewer deaths, but i also recognize that any death is too many >> yeah, we're going to watch it after the nhtsa headlines did cross about an hour ago. we're going to get cramer's mad dash and count down to the opening bell in a moment futures continue to look weak here on the first day of a busy five sessions. 'rba ia mewee ckn mont and one we explore one that's been paved and one that's forever wild but freedom means you don't have to choose just one adventure ♪ ♪ you get both. introducing the all-new 3-row jeep grand cherokee l jeep. there's only one. new projects means new project managers. you need to hire. i need indeed. indeed you do. when you sponsor a job, you immediately get your shortlist of quality candidates, whose resumes on indeed match your job criteria. visit indeed.com/hire and get started today. >>> l