Intel Makes an Historic €33 billion First Phase Investment
Intel has announced a historic investment in Europe of more than €33 billion for the first phase of its microchip manufacturing plant.
Speaking about the investment, Intel commented about the investment that its aim is to: “Drive a world-class semiconductor ecosystem in Europe.” The significant first-phase investment, which will rise to €80 billion over the next decade as Intel opens new facilities in Germany, Spain, France, Ireland, Italy and Poland.
The investments will address the entire semiconductor value chain, involving not only state-of-the-art manufacturing and packaging but also research and development of new semiconductors.
In the first phase, Intel will spend €17 billion to build a large semiconductor fabrication plant in Germany, creating 7,000 jobs during construction and a further 3,000 high-skilled jobs when it is operational. The R&D centre will be located in France, while manufacturing and foundry services centres will be located in Spain, Ireland, Italy and Poland.
Intel CEO Pat Gelsinger announced the investments as an important step for Intel and for Europe, highlighting the relevance of the EU Chip Act, which will enable collaboration between governments and private companies to drive R&D innovation in Europe. The goal is to create an ecosystem with a competitive digital future that will make Europe a major player in the global technology sector.
