Intel announced an initial investment of Euro 17 billion as part of a broader Euro 80 billion plan to strengthen the semiconductor value chain in the EU over the next decade. This includes the construction of a semiconductor manufacturing plant in Germany, a research and development center in France, and the expansion of operations in Ireland, Italy, Poland and Spain. More information here https://1plus-smart.com/news/intel-announces-new-investment-of-euro-17-billion.
Key investments:
- Germany: Construction of two advanced semiconductor fabs in Magdeburg to start in 2023, with production expected by 2027. The Euro 17 billion investment will create thousands of jobs and form Silicon Crossroads, a center of excellence in chip manufacturing.
- Ireland: An additional Euro 12 billion investment in Leixlip that will double the manufacturing footprint and bring Intel 4 technology to Europe.
- Italy: A proposed Euro 4.5 billion manufacturing facility that will create approximately 5,000 jobs and be operational between 2025 and 2027.
Innovation and Research:
Intel plans to build a new R&D center in Plateau de Saclay, France, creating 1,000 high-tech jobs by the end of 2024. This center will specialize in high-performance computing (HPC) and artificial intelligence (AI), which will benefit many industries and strengthen Europe's innovation ecosystem.
Intel's overall investment will significantly strengthen semiconductor capabilities in Europe, create a more balanced and sustainable supply chain, and drive technological advancement and economic growth across the region.
