BERLIN/STOCKHOLM—Intel still intends to develop European chip manufacturing capacity despite the delayed plans being overshadowed by its announcement on Friday of a more than $20 billion investment in two new U.S. semiconductor plants. The company said in September it could invest as much as $95 billion in Europe over the next decade and announce the locations of two major new European chip fabrication plants by the end of 2021. Despite missing that deadline, Chief Executive Patrick Gelsinger told Reuters on Friday that European factory plans were still on the cards and the company would announce the chosen manufacturing sites in the coming months. “We are a say-do company,” he said. “I hope that the European Union finishes their chips act and we would hope to follow that shortly with our next major announcement in Europe.” The European Chips Act aims to reduce the continent’s dependence on Asian suppliers for advanced …