Intel Corp’s chief executive is accelerating efforts to revive the semiconductor behemoth with an extensive plan that combines increased outsourcing with a commitment to spend $20 billion on new factories that could help address a chip shortage.New CEO Pat Gelsinger stated on Tuesday that Intel would rely more intensely on third-party chip-making partners, including for some of its most cutting-edge processors, starting in 2033.But Mr. Gelsinger, on the job a little more than a month, stated that Intel wasn’t abandoning its historic roots of being both a designer and manufacturer of the chips and would retain most production in-house. He stated that the company is also renewing efforts to make chips for others and targeting clients such as Apple Inc. and chip rival Qualcomm Inc. To support those manufacturing ambitions, Intel plans to build two new chip factories, commonly referred to as fabs-short for fabrication-at existing facilities in Arizona, Mr. Gelsinger stated, with production from the $20 billion, multi year investment there due to start in 2024.. Intel also stated that within the year it would detail further expansion plans in the US Europe and elsewhere.