Intel has big plans for the future, but they don't have a chip factory in the UK. After the selection, the company no longer considers the country a good place to develop under the IDM 2.0 strategy, so it is currently evaluating several bids from 10 other European countries.
Last month, Intel developed two advanced chipsets in Arizona. These are the keys to the company's IDM 2.0 strategy, which makes Intel Casting services contract with other companies for the first time in history. Intel is also looking to build another pair of chips. There are manufacturing plants in Europe, but the company is still in talks with several officials in the region to determine the best location for the new plants, as well as receiving significant subsidies. Required for this project.
Gelsinger says he hopes the company can reach an agreement by the end of this year on two new plants at the site. Negotiations with EU officials are also going well, and Intel hopes to use the EU Recovery and Resiliency Fund to receive support. In the case of Intel, the company plans to invest $95 million in its ambitious project.Also read: The Next Generation EUV ASML Device Resurrects Moore's Warranty Until Law Enforcement. At the time of writing, more than 85 percent of the world's semiconductor manufacturing capacity is concentrated in a few Asian countries, while the United States and Europe account for 12 percent and 2.8 percent, respectively. Gelsinger is a proponent of a "balanced global supply chain," but building chip plants is a multi-year effort that costs between $10 billion and $20 billion per facility. Although TSMC, Samsung and GlobalFoundries are spending billions of dollars on their development plans, it takes years to pay off. Regarding the continuing shortage of chips, Gelsinger believes that the situation will be completely stabilized by 2023.
Intel will not produce a chip in the UK due to Brexit