Overview: The global shortage of semiconductors and the desire to build a stronger supply chain are forcing semiconductor giants to invest heavily in development in North America and Europe. Intel is no exception and has an incentive to regain the leadership position in process technology.
On Tuesday, Intel CEO Pat Gelsinger gave his first speech since taking office, concluding his first day at the IAA Mobility event in Munich, Germany. During his presentation, he revealed that the company has an ambitious plan to invest up to 80 billion euros ($94.7 billion) in building chip factories in Europe, amid global competition to expand production capacity and reduce the industry's dependence on Asia. Semiconductors.
The fund will be allocated to two tranche units at a new location in Europe, and the investment will be split over several years. The location of the site has yet to be determined, but Intel plans to eventually fill it with at least eight production facilities.
To this end, Gelsinger has held talks with senior officials and customers in Germany, France, Belgium, Poland and the Netherlands, and is expected to announce the location of the new plant by the end of the year. Meanwhile, Intel wants to start chips for automakers using a plant on the company's Leixlip campus in Killard, Ireland.
There is good reason for this, as Intel expects semiconductors to be number 20. The percentage of physical costs for new cars by the end of the decade, due to increased demand for high-tech electric vehicles. Like its rival TSMC, which is also seeking to build a European arm, Intel Casting Services is seeking political benefits from the European Union's $175 billion Recovery and Resilience Fund over the next decade. “You need us and we need you… The goal is to create an innovation center in Europe,” Gelsinger said during his presentation.
Intel invests $94.7 billion to build chip products in Europe