Chairman Speaks: Chip Chat

TEXAS INSTRUMENTS' ENGIBOUS CHEERS THE INNOVATION OF TODAY'S U.S. TECH INDUSTRY--BUT SEES MUCH TO WORRY ABOUT AHEAD

Intel may dominate the market for computer chips, but Texas Instruments is the world's largest manufacturer of chips for cell phones. TIME's Dallas bureau chief Cathy Booth Thomas talked to Tom Engibous, chairman of the company, about the future of the technology industry, the declining number of engineering graduates and what he sees as the nation's looming deficit in innovation.

TIME: In recent speeches, you've been warning about a "silent crisis" in education and basic research. Why?

TOM ENGIBOUS: There is definitely a crisis. We still lead the world in electronics, pharmaceuticals and food productivity because of the huge amount of...

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