Intel boss Pat Gelsinger has made some new statements relating to the worldwide chip scarcity. Gelsinger predicts it would proceed to be a problem for the business till no less than 2024, notably in areas resembling foundry capability and gear availability. However regardless of these estimates, he says, Intel is “in a superb place” to handle the constraints launched by provide chain woes.

In reality, Intel is rising to fulfill this problem. Following our bulletins in Arizona, New Mexico and Ohio, we lately introduced quite a few investments in Europe, which embody our present operations in addition to new investments in France and Germany.

These investments place Intel to fulfill future development and symbolize an vital step in direction of our most vital purpose of getting half of the world’s semiconductor manufacturing within the US and Europe.

Intel introduced final September that it had invested 7 billion euros to double the capability of its Irish plant. Extra importantly, round 80 billion euros might be invested over the subsequent decade to arrange a “mega” chip manufacturing facility in Europe.

Intel additionally reported in its first-quarter outcomes that income was $18.4 billion, down 7% 12 months on 12 months, and web revenue rose 141% to $8 billion. When it comes to income by enterprise, Intel Foundry Companies income was $283 million, up 175% within the first quarter.