The supply crunch could lead to a potential 1.3 million shortfalls in US car and light-duty truck production this year.

“We’re hoping that some of these things can be alleviated, not requiring a three- or four-year factory build, but maybe six months of new products being certified on some of our existing processes”, Gelsinger said.

“We’ve begun those engagements already with some of the key components suppliers.”

Intel last month announced plans to vastly scale up chips manufacturing for outsiders as it builds new factories in the United States and Europe. Its talks with automotive suppliers disclosed on Monday represent an acceleration of those plans.