The BBC with comments from the Intel CEO, says the firm is no longer considering building a factory in the UK after the country left the EU

  • "we're looking at EU countries and getting support from the EU"

More:

  • Intel is investing up to $95bn on opening and upgrading semiconductor plants in Europe over the next 10 years
  • "... 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."

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On the current shortage of chips ... the outlook is not particularly birght

  • "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 stabilise until 2023.
The BBC with comments from the Intel CEO, says the firm is no longer considering building a factory in the UK after the country left the EU