Qualcomm and Intel: Semiconductor Innovation and Resilience

Semiconductors are driving the digital economy and as a result, the global chip supply has been squeezed by tighter inventory and rising costs. When will the chip market return to equilibrium? With multi-billion-dollar bets needed, are we going to see an era of co-opetition? Do the lines between customer and competitor blur when companies come together to innovate? CNBC's Jon Fortt speaks with Qualcomm CEO-elect Cristiano Amon and Intel CEO Pat Gelsinger on the importance of American leadership in semiconductor design and manufacturing. Hear how these former rivals are working to support new opportunities to help solve the chip supply shortage.