After Brexit, Intel Has Ruled Out Building S Semiconductor Facility In The United Kingdom.

But he added: "After Brexit we looked at the EU countries and got EU support." Intel plans to increase production in the face of a global chip shortage impacting cars and other goods shipments. One of the world's largest semiconductor manufacturers - said the crisis had shown that the United States and Europe were too dependent on Asia to produce chips.

Intel is investing up to $95 billion (£70 billion) to open and upgrade semiconductor plants in Europe and increase manufacturing in the United States over the next ten years. But while Mr. Gelsinger said the company was "desperate to find surfing websites" in the UK, he said Brexit was changing that.

"I don't know if we're going to have a great site from England," he said. "But now we have about 70 suggested sites across Europe from maybe ten different countries. 

Microchips are a critical component in millions of products, from cars to washing machines, but they are scarce this year due to rising demand and supply chain issues. This has led to shortages of popular items such as cars and computers and rising prices - problems Gelsinger will continue  into Christmas.

"It's just that everything is short now. And even me and my industry colleagues are working like crazy to catch up; it's going to take quite some time."

He said things would "gradually improve" over the next year but were unlikely to stabilize until 2023. Intel grew as the total semiconductor market more than doubled to approximately $800 billion over the next seven years. The company also expects subsidies from American and European politicians who believe their reliance on Asia for chips could jeopardize national security.

Currently, the United States produces only about 12 percent of the world's semiconductors, while Korea's Samsung and Taiwan Semiconductor Company (TSMC) account for 70 percent of global shipments.

"This is part of a globally balanced supply chain motivation that no one should be overly dependent on anyone else," Gelsinger. However, the race will not be easy. Chip production is still much cheaper in Asia, and competition from Intel continues to grow. TSMC, the world's largest semiconductor manufacturer, will spend $100 billion on capacity building over the next three years, while Samsung will invest $205 billion.

Mr. Gelsinger said he was confident that Intel could always regain its leadership position. "This is the industry we created in the United States; Intel is the company that brought silicon to Silicon Valley," he said. "But we know that these are good companies that have good capital, they invest, they innovate together. That's why we have to regain this indisputable right of leadership."