Intel today unveiled a “historic” investment plan in the European Union, where it is ready to invest up to 80 billion euros over ten years in the production of microchips.
The main project concerns a mega-plant in Germany, in Magdeburg, worth 17 billion euros for the manufacture of semiconductors. Investments are also planned in France, Ireland, Italy, Poland and Spain, with the aim of creating “a European ecosystem of microchips”, reads a statement from the US company.
“With this historic investment, – reads a note from the American corporation – Intel plans to bring its most advanced technology to Europe, creating a next-generation European chip ecosystem and responding to the need for a more balanced and resilient supply chain. “.
The first two factories in Germany
The investment program focuses on ‘rebalancing the global semiconductor supply chain’. In the initial phase, Intel plans to develop two one-of-a-kind semiconductor factories in Magdeburg, Germany. The planning will begin immediately, with the start of the works expected in the first half of 2023 and the start of production expected in 2027, pending approval by the European Commission.
“At the heart of Europe and with the best talents, an excellent infrastructure and an existing ecosystem of suppliers and customers, Germany – underlines Intel in the announcement of the investment – is the ideal place to establish a new hub, a” Silicon Junction ”, for advanced chip manufacturing.