Daniel Thomas, BBC »

Intel wants to boost its output amid a global chip shortage that has hit the supply of cars and other goods.

The firm – which is one of the world’s largest makers of semiconductors – says the crisis has shown that the US and Europe are too reliant on Asia for its chip-making needs.

Intel is investing up to $95bn (£70bn) on opening and upgrading semiconductor plants in Europe over the next 10 years, as well as boosting its US output.

But while Mr Gelsinger said the firm “absolutely would have been seeking sites for consideration” in the UK, he said Brexit had changed this.

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