Intel Corp. has announced an investment worth €80 billion in the European Union across the entire semiconductor value chain.
Pat Gelsinger, CEO, Intel, said: “We are building the best semiconductor ecosystem. Nearly a year ago, we increased semiconductor R&D in global manufacturing capacity in the USA and the EU. This included a role for EU to gain in semiconductor manufacturing leadership.”
“In January 2022, we announced plans for investment of $20 billion in two new leading-edge chip fabs in the state of Ohio, USA. We also pledged a partnership worth $100 million with educational institutes to build a pipeline of talent, and bolster research programs in the region. We are now announcing our European investment plans. This is a whole new listing of world-class investment that will create a world-class ecosystem. This is a holistic investment strategy to create world-class EU chip ecosystem.”
PLANS FOR EUROPE
Intel will be investing €80 billion in the EU over the next decade across the entire semiconductor value chain. This will be from R&D and chip design, to advanced packaging, manufacturing and foundry services. In phase one, they are starting with €7 billion leading-edge semiconductor mega-site in Saxony-Anhalt, Germany. Intel will also continuing its fab expansion in Ireland with €12 billion investment. It is planning a new R&D and design hub in France and expanding capabilities in R&D, manufacturing, foundry services, and assessing state-of-the-art packaging technology in Italy, Poland, and Spain.
Gelsinger said they were doing this because the world has an insatiable demand for semiconductors and chips. They are the brains powering the essential digital technologies. With the world becoming digital, semiconductors are more critical than ever.
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