Intel To Spend Billions On Chip Production In Europe

Share post:

Intel CEO Pat Gelsinger revealed that the tech giant will spend up to €80 billion over the next decade to build a “mega” chip fab in Europe.

Gelsinger announced the planned investments at his keynote address at the IAA Mobility in Munich. The automotive industry in Europe and the U.S. was negatively affected by the global chip shortage during the pandemic.

Gelsinger said Intel hopes to lay the groundwork for its next “mega fab” or chip fabrication facility in Europe by the end of 2021 and announced that the technology giant will make its semiconductor plant in Ireland available to automakers.

Earlier this year, Intel announced a planned investment of 7 billion euros to double the capacity of its plant in Ireland and is considering bringing its 7nm chip production to the plant.

Gelsinger also wants to support the European Commission’s plan to increase Europe’s share of the global semiconductor supply to 20%. Under the name Digital Compass, the EU wants to become “digitally sovereign” by 2030.

Potential locations for Intel’s mega fab included Germany, the Netherlands, France and Belgium. The company is also seeking EU funding for the initiative.

For more information, read the original story in ZDNet.

Featured Tech Jobs


Related articles

England and Wales anesthetist recruitment marred by computer errors

Anesthetist recruitment in England and Wales has been disrupted by computer errors, bad technology choices, and flawed processes,...

CN Rail reports ‘internet connectivity incident’ disrupting Ontario passenger service

CN Rail says an IT incident affecting passenger rail service in the Toronto area it began suffering this afternoon isn’t related to cybersecurity. “It’s an internet connectivity incident,” a company spokesperson told IT World Canada at 4:30 p.m Eastern. “At this point nothing indicates it’s a cybersecurity breach.” In a tweet, CN described the problem

Solution to hardware flaw in Intel CPUs may cause large performance hit

A hardware flaw in Intel Core and Xeon CPUs lets attackers steal data from other users on the same system, including on servers that use Intel’s SGX memory protections, according to a Google researcher. According to SC Magazine, Daniel Moghimi told the Black Hat 2023 security conference this week that the vulnerability, dubbed “Downfall”, endangers

Voyager 2 incommunicado after antenna points in wrong direction

Voyager 2, NASA's 46-year-old spacecraft, is now incommunicado after its antenna pointed in the wrong direction. The space agency...

Become a member

New, Relevant Tech Stories. Our article selection is done by industry professionals. Our writers summarize them to give you the key takeaways