The company, one of the world’s largest semiconductor manufacturers, is currently pushing to boost its own chipmaking output amid a global shortage.

Intel plans to expand its US chip-manufacturing operations with a $20bn investment towards two new factories in Arizona and a colossal $95bn investment in new and upgraded semiconductor factories in Europe over the next 10 years.

Gelsinger told the BBC that before the UK left the single market, it “would have been a site that we would have considered” and that Intel “absolutely would have been seeking sites for consideration” in the country. However, post-Brexit, “we are looking at EU countries and getting support from the EU”.

He said that Intel has approximately 70 proposals for sites across Europe, covering around 10 countries, and hopes to agree on a site and subsidies before the end of 2021. Gelsinger added that Intel hopes to secure subsidies in the US and EU, on the basis that dependence on East Asian...