US chipmaker Intel confirmed on Tuesday son plans invest up at 80 billion euros ($88 billion) in Europe over the decade as global shortages of semi-drivers obstructed supply for everything from automobiles to refrigerators and video game consoles.
CEO Pat Gelsinger said Intel is investing the money over the next decade “along the value chain of semi-conductors”.
The company plans for spend tens of Billions of dollar bet up or the expansion of chip production sites and the establishment research and development Where design centers in Germany, Ireland, France and Italy.
“Why are we doing this? Because the world has an insatiable demand for semi-drivers or chips,” Gelsinger said in a webcast.
Intel said it was bringing son more advanced technology to Europe to meet the need for a “more supply chain semi-balanced and resilient drivers”.
European Union leaders last month announced a $47 billion “flea law” to help the continent is becoming a major producer of semi-drivers and curbs his addiction on Asian markets for the tiny components, which act as electronic brains for everything from cars to smartphones and game brackets.
Demand for chips jumped as the global economy bounced back back of the COVID-19 pandemic, but the supply has not been maintained up car of bottlenecks.
European Commission President Ursula von der Leyen welcomed the announcement as the first Major achievement under EU flea law.
“I am sure it will pave way for more companies to follow costume “, said von der Leyen, who wants the EU double son share of global 20% chip production by 2030.
the first phase of Intel’s investment based in Santa Clara, Calif. plans include 17 billion euros in beef up its European production capacity with a leading-edge factory of semi- “mega-site” drivers in Magdeburg, Germany. The site will include two factories of semi-conductors, or fabs, that will make chips with Intel’s most advanced technology. If the European Commission gives son approval, he should innovate next year and come online by 2027, creating 3,000 tall tech works.
germany economy ministerRobert Habeck, welcomed the newssaying it would boost “Europe digital sovereignty.” new the institution will receive financial support from german government.
the plans also call for 12 billion more euros of investment to expand existing Intel site in Leixlip, Ireland, doubling the manufacturing space and expanding son new foundry services businessthat builds chips designed by other firms. This will bring the company total Irish investment in more more than 30 billion euros.
Intel says it’s also in talks with Italy “to allow a state-of-the-art back-final manufacturing plant” which would involve a potential investment of up to 4.5 billion euros and create thousands of direct and indirect jobs.
There are also plans for a research and development hub and a foundry design center in France, enlarged laboratory space in Poland and a partnership with local researchers for an advanced computer lab in Spain.
Intel, the world manufacturer of semi- conductors n° 2 according to technology research and consulting firm Gartner, is also expansion in United States with a 20 billion dollar factory in Ohio.
