President Donald Trump has declared “the long and painful nightmare” in Gaza to be over in his address to the Israeli Parliament, the Knesset. Lead negotiator between Israel and Hezbollah under President Biden Amos Hochstein discusses the ceasefire terms, the future of the Middle East, and global oil prices. Meanwhile, chip stocks are rallying after the U.S. government deepened its financial ties to semiconductors. Former Intel CEO Pat Gelsinger weighs in on Washington’s stake in the company, the CHIPS Act, AI competition, and whether we are in an AI bubble. Plus, China vows retaliation against Trump’s 100% tariffs, and JPMorgan Chase is pledging $10 billion toward industries critical to U.S. national security.

Leslie Picker - 02:37

Pat Gelsinger - 19:06

Amos Hochstein - 36:47

In this episode:

Pat Gelsinger, @PGelsinger

Amos Hochstein, @amoshochstein

Leslie Picker, @LesliePicker

Eunice Yoon, @onlyyoontv

Joe Kernen, @JoeSquawk

Becky Quick, @BeckyQuick

Andrew Ross Sorkin, @andrewrsorkin

Cameron Costa, @CameronCostaNY

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Ceasefire in Gaza, Chips in America 10/13/25

Squawk Pod