Intel is in talks with automakers to produce semiconductor chips for cars, the company announced Monday. The tech giant would aim to produce chips within six to nine months, Intel CEO Pat Gelsinger told Reuters following a concerning the . Intel currently makes chips that power computers and phones.
The announcement follows Intel last month saying it would, now saying this could be a potential source of manufacturing for the car industry. Intel said its announcement was met with a positive response, but did not name any potential automaker customers.
To address the shortage, Intel will also be investing $20 billion in two new chip plants in Arizona, Gelsinger said Monday.
The White House met with CEOs from Intel, Dell, Samsung, Ford, HP, AT&T, Alphabet, General Motors and other companies. Thanks to the global shortage, Ford, General Motors, Toyota and other automakers have been unable to obtain certain chips, and as a result have cut production of vehicles.
President Joe Biden in February signed an executive order to improve the semiconductor chip supply chain, which included a 100-day review. "We need to make sure these supply chains are secure and reliable," Biden said at the time, adding that semiconductor chips power everything from cars to phones to medical devices.