Santiago Cardona, head of Intel's Mexico branch, said that the global semiconductor chip shortage may improve, but it still cannot be completely resolved by the end of the year. This problem has already caused harm to the Mexican auto industry.

Reuters reported that Cardona said in an interview with the media on Monday local time: "There is light at the end of the tunnel, and chip supply is expected to return to normal by the end of this year, but the Semiconductor Industry Association has pointed out that the problem of chip shortages will not be completely resolved by then."

Due to the shortage of automotive chip supply, automakers including General Motors, Ford Motor and Toyota Motor have cut production this year, resulting in a 12% decline in output of the Mexican auto industry in the first quarter and a 14% decline in exports.

The report pointed out that the world's major automakers and suppliers will again put pressure on the US Congress on Tuesday local time to solve the problem of global auto production shortages.

Automakers warned that the shortage could lead to a 1.3 million reduction in U.S. car production this year and cause partial production to be interrupted for at least another six months.

It is reported that Intel said at the end of March that it would substantially expand its advanced chip manufacturing capabilities, planning to spend 20 billion US dollars to build two factories in Arizona, and open foundry services to external customers. This move is aimed at re-tilting technological power to the United States and Europe. Due to increasingly tense geopolitics, government leaders in the United States and Europe have begun to worry about the risk of wafer manufacturing concentrated in Taiwan. Cardona said that all investments in Intel's two new factories are funded by the company, but he does not rule out the possibility of accepting incentives.

"We did not ask the US government for help, but we recognize that if there is support or subsidies, it will help us complete this work faster." Cardona said.