ASML Chief Warns Critical Equipment Crisis Is Dampening Chipmakers' Ambitious Expansion Plans: FT

ASML Holding NV ASML CEO Peter Wennink warned about the critical equipment crisis as the supply chains struggled to drive production, the Financial Times reports.
Wennink saw the crisis impeding chipmakers' multibillion-dollar expansion plans over the next two years,
Intel Corp INTC CEO Pat Gelsinger acknowledged that the crisis posed a challenge for the company's expansion plans.
Gelsinger was in direct contact with Wennink and had sent its manufacturing experts to the company to help drive production.
Wennink talked about stepping up capacity significantly more than 50%, which would be time-consuming.
It would take two years to build the shell of the chip factory and additional one or two years to fill it with equipment.
The U.S. and Europe planned tens of billions in support for chip manufacturing to reduce their reliance on Asian manufacturers like Taiwan Semiconductor Manufacturing Co Ltd TSM.