Intel CEO: Chip supply chains will shape geopolitics more than oil over 50 years

It might be more accurate to say rare earth metals, which are more akin to oil as a natural resource, and are used in chips, batteries, solar panels, and much more.

I expect chip production to be much more geographically distributed before then, though might be disproportionate to what certain geographies can produce. Hard to say, China can make break throughs on its own, but might not

They definitely will if China (both Chinas) have anything to say about it.