Celsa Barron
Intel Invests 80 billion euros in EU Semiconductor Industry
Intel has announced the first phase of its ambitious plans to invest 80 billion euros in the semiconductor value chain in the European Union. Over the next decade, the company intends to invest in research and development, manufacturing and advanced packaging technologies. These investments are aimed at creating a European ecosystem for next-generation chips and ensuring a more balanced and sustainable supply chain. More information can be found in our article https://1plus-smart.com/news/intel-announces-new-investment-of-euro-17-billion.
Initial Investment: 17 Billion Euros
Today's announcement includes plans to invest 17 billion euros to build a state-of-the-art semiconductor fab in Germany, open a new research and development center in France, and expand research and development, manufacturing and foundry services in Ireland, Italy, Poland and Spain. These moves will bring Intel's advanced technology to Europe, fuelling innovation and development in the region.
Pat Gelsinger Statement
Intel Executive Vice President Pat Gelsinger stated that Intel's planned investment is a significant move for both the company and Europe. He highlighted that the EU Chip Law will facilitate collaboration between private companies and governments, greatly enhancing Europe's standing in the semiconductor industry. This extensive initiative is expected to promote innovative research and development within Europe and draw advanced manufacturing to the region, ultimately benefiting Intel's customers and partners globally. Gelsinger emphasized Intel's commitment to contributing to Europe's digital future for many years ahead.
Manufacturing Expansion in Germany
Intel's investment programme aims to significantly expand manufacturing capacity in Europe. Initial plans include the construction of two semiconductor manufacturing plants in Magdeburg, the capital of the federal state of Saxony-Anhalt, Germany. Planning began immediately, with construction starting in the first half of 2023 and production scheduled for 2027, subject to approval by the European Commission. These fabs are expected to utilise advanced Angstrom-era transistor technology to meet the needs of Intel foundries and customers worldwide.
Conclusion
Intel's investment in the European Union semiconductor industry marks an important step towards strengthening Europe's position in the global industry. These efforts are aimed at creating a sustainable and balanced supply chain, developing advanced technologies and strengthening economic ties between countries in the region. With these investments, Europe will be better prepared to meet future challenges and become a leader in semiconductor technology.