Pat Gelsinger has been CEO of Intel for about four months now. But he's not new to the company - he spent the first 30 years of his career at Intel. The story of how a young man from a Pennsylvania farming community landed at Intel is a good one - and it's something Pat shares with Alan Murray and Ellen McGirt in this episode of Leadership Next.

But first, semiconductors. They're embedded in all the tech we touch, and most of them are manufactured in Asia. Supply chain problems have led to shortages recently, which has put the issue on many American's radars. But the push to increase manufacturing capacity in the U.S. has been building for some time. Gelsinger admits Intel ceding manufacturing to Asia was a strategic mistake and, as he explains, he has a strategy for improving the situation.

Fortune's Eamon Barrett also joins this episode to shed further light on the global chip shortage, the challenges of increasing manufacturing in the U.S., and the political forces behind initiatives to do so.