IntelThe global shortage of semiconductors, which has led to the closure of some car production lines and has hit other areas such as consumer electronics, could take years to resolve, CEO Patrick Gerzinger said on Monday.

Mr Gersingh said COVID-19 's trend to work and study from home during the pandemic led to a "semiconductor explosive growth cycle", putting huge pressure on global supply chains.

In an interview last month, Mr Gerzinger warned that chip shortages could take "years" to ease and said Intel planned to start producing chips within six to nine months to address shortages in US car factories.

In March, Intel announced a $20 billion plan to expand its advanced chip production capacity, build two plants in Arizona and open them to outside customers.