Intel would expand its European production from € 20 billion

A Finaical Times newsletters according to the chip maker, its long-term goal is to produce 20 percent of its typically processor-based logic circuits in Europe. Intel is said to plan to achieve this by the end of the decade, by 2030. The company would accomplish all this with a huge investment of around € 30 billion. According to the source, Intel is in talks with several countries to install the plants, including France and Italy.

From the huge amount in question, the company can build more than one plant, and it cannot be ruled out that two countries will eventually benefit from the economically significant investment. Based on information from Reuters a few weeks ago, the chipmaker is in advanced negotiations for a possible installation of a semiconductor plant with Bavaria. According to the source, although the province’s deputy prime minister, Hubert Aiwanger, did not reveal deeper details, so much has emerged that a possible site has already been recommended for building the plant.

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At Reuters ’request, the deputy prime minister then said he would support the plans with full breast width. Aiwanger said Intel’s investment represents a huge opportunity for the province. Incidentally, there are already many semiconductor plants in the country. Infineon, Texas Instruments and Bosch, among others, have factories. The most advanced process is provided by the GlobalFoundries plant near Dresden, Fab 1, which can process approximately 60,000 wafer per month.

Intel already has an advanced semiconductor plant in Europe. The chip maker set up a plant in Leixlip, Ireland, in the early 1990s, which currently produces processors with a 14-nanometer process, among other things. Intel CEO Pat Gelsinger visited Europe in April to assess the conditions available for the next investment. According to the news, in addition to the leadership of Bavaria, Gelsinger was also negotiating with the Belgian, Dutch and Luxembourg authorities. Intel management wants to choose the location of its plant later this year.


Source: HWSW Informatikai Hírmagazin by www.hwsw.hu.

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