Press release
Intel Announces Initial Investment of More Than €33 Billion for Semiconductor R&D and Manufacturing in EU
Investments advance world-class semiconductor ecosystem in Europe, spanning France, Germany, Ireland, Italy, Poland and Spain. SANTA CLARA, Calif.--(BUSINESS
About this update from Intel Corporation
[{"type":"text","content":"\nInvestments advance world-class semiconductor ecosystem in Europe, spanning France, Germany, Ireland, Italy, Poland and Spain.\n\n SANTA CLARA, Calif.--(BUSINESS WIRE)--\nIntel today announced the first phase of its plans to invest as much as 80 billion euros in the European Union over the next decade along the entire semiconductor value chain – from research and development (R&D) to manufacturing to state-of-the art packaging technologies. Today’s announcement includes plans to invest an initial 17 billion euros into a leading-edge semiconductor fab mega-site in Germany, to create a new R&D and design hub in France, and to invest in R&D, manufacturing and foundry services in Ireland, Italy, Poland and Spain. With this landmark investment, Intel plans to bring its most advanced technology to Europe, creating a next-generation European chip ecosystem and addressing the need for a more balanced and resilient supply chain.\nThis press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20220315005547/en/A rendering shows early plans for two new Intel processor factories in Magdeburg, Germany. Announced in March 2022, the 17 billion euro project will deliver computer chips using Intel's most advanced transistor technologies. Construction is expected to begin in the first half of 2023, with production coming online at the end of 2027. (Credit: Intel Corporation)\nMore: Intel Plans Investments in Europe (Press Kit) | Intel EU Investment Webcast (Livestream/Replay) | Industry Partner Quotes (PDF) | Government Partner Quotes (PDF)\n\nPat Gelsinger, CEO of Intel, said: “Our planned investments are a major step both for Intel and for Europe. The EU Chips Act will empower private companies and governments to work together to drastically advance Europe’s position in the semiconductor sector. This broad initiative will boost Europe’s R&D innovation and bring leading-edge manufacturing to the region for the benefit of our customers and partners around the world. We are committed to playing an essential role in shaping Europe’s digital future for decades to come.”\n\nExpanding Leading-Edge Manufacturing Capacities for ‘Made in Europe’ Chips\n\nThe investment program is centered around balancing the global semiconductor supply chain with a major expansion of Intel’s production capacities in Europe. ...