SUBSCRIBE

CATEGORIES

Intel in talks to produce chips for automakers within six to nine months: CEO

imageStock Markets10 minutes ago (Apr 12, 2021 02:40PM ET)

(C) Reuters. FILE PHOTO: VMware CEO Pat Gelsinger speaks during a news conference in Tokyo

(Reuters) – The chief executive of Intel Corp (NASDAQ:INTC) told Reuters on Monday the company is in talks to start producing chips for car makers to alleviate a shortage that has hobbled factories.

Chief Executive Officer Pat Gelsinger said the company is talking to companies that design chips for automakers about manufacturing those chips inside Intel’s factory network, with the goal of producing chips within six to nine months. Gelsinger earlier on Monday met with White House officials to discuss the semiconductor supply chain.

Intel in talks to produce chips for automakers within six to nine months: CEO

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.