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October 8, 2021 02:02 am

Intel Not Considering UK Chip Factory After Brexit

The boss of Intel says the US chipmaker is no longer considering building a factory in the UK because of Brexit. The BBC reports: Pat Gelsinger told the BBC that before the UK left the EU, the country "would have been a site that we would have considered." But he added: "Post-Brexit... we're looking at EU countries and getting support from the EU." Intel is investing up to $95 billion 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. "I have no idea whether we would have had a superior site from the UK," he said. "But we now have about 70 proposals for sites across Europe from maybe 10 different countries. "We're hopeful that we'll get to agreement on a site, as well as support from the EU... before the end of this year." Microchips are vital components in millions of products from cars to washing machines, but they have been in short supply this year due to surging demand and supply chain issues. It has led to shortages of popular goods like cars and computers and driven up prices - issues Mr Gelsinger said were set to continue into Christmas. "There is some possibility that there may be a few IOUs under the Christmas trees around the world this year," he said. "Just everything is short right now. And even as I and my peers in the industry are working like crazy to catch up, it's going to be a while." He said things would "incrementally" improve next year but were unlikely to stabilize until 2023.

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