Intel's Mexico unit sees 'light at end of tunnel' in chip shortages by year end

FILE PHOTO: An Intel Tiger Lake chip is displayed at an Intel news conference during the 2020 CES in Las Vegas, Nevada, U.S. January 6, 2020. REUTERS/Steve Marcus

MEXICO CITY (Reuters) - A global semiconductor chip shortage, which has hurt Mexico's auto industry, could improve but still not be fully resolved by the end of the year, said the head of Intel Corp's Mexico unit, Santiago Cardona.

Intel in late March said it will greatly expand its advanced chip manufacturing capacity with plans to spend as much as $20 billion to build two factories in Arizona and open its factories to outside customers.