INTEL Corp Chief Executive Officer Pat Gelsinger will virtually attend a meeting being put together by President Joe Biden’s administration for April 12 to discuss the semiconductor supply chain issues disrupting U.S. automotive factories, according to a person familiar with the matter.
Reuters previously reported the meeting will include Biden’s national security adviser, Jake Sullivan, and a top economic aide, Brian Deese, as well as chipmakers and automakers.
Gelsinger last month said Intel will spend $20 billion to build two new chip factories in Arizona.
A chip shortage has been disrupting U.S. automobile production since late last year.
Ford Motor Co , which has had to cut production of its best-selling F-150 because of the shortage, last week said that it will provide investors an update on the hit to its operating profit on April 28. The U.S. automaker previously said its operating profit this year would be reduced by
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