Intel set to splash billions on new European empire

Date:
Tue, 15 Mar 2022 14:55:59 +0000

Description:
Intel unveils plans for multi-billion-dollar investments in European semiconductor manufacturing.

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Intel has announced plans to invest tens of billions of dollars into semiconductor manufacturing projects across Europe.

During a webcast attended by TechRadar Pro , company CEO Pat Gelsinger revealed plans to invest 80 billion ($88 billion) over the next decade in an attempt to cultivate a next-generation chip ecosystem in Europe.

Although Intel will work on a litany of projects across a number of
countries, the most significant pledge was perhaps a 17 billion ($18.5 billion) investment in a new manufacturing mega-site in Germany. Intel on the continent

Nicknamed Silicon Junction, the facility will house two new fabs capable of producing top-tier chips for both Intel itself and customers of Intel Foundry Services (IFS). Gelsinger says he hopes to be able to break ground in early 2023 and fire up the engines by 2027.

Currently, the lions share of semiconductor manufacturing takes place in the APAC region, where companies like TSMC and Samsung are based.

In light of the ongoing chip shortage and rising tensions with China, the United States is investing heavily in ramping up its own production capacity, with a large helping hand from Intel.

Earlier in the year, for example, Intel announced it would splash $20 billion on a new state-of-the-art chip factory in Oregon, US. The 1,000-acre site
will house up to eight separate fabs once complete.

But with this latest round of investments, Intel will seek to turn Europe
into a competitive player too, in support of the European Commission's ambitions to onshore 20% of the semiconductor supply chain by 2030, as set
out in the European Chips Act. Workers at Intel's fabrication plant in Leixlip, Ireland. (Image credit: Intel) Read more

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The recent chip shortage has reminded us of the risk of being too dependent
on any one region in the short-term, said Gelsinger. Our landmark
pan-European investment addresses the global need for a more balanced and resilient supply chain.

This broad initiative will boost Europes 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 Europes digital future for decades to come.

In addition to the manufacturing hub in Germany, Gelsinger announced a
further 12 billion ($13.2 billion) investment in its facility in Ireland, which will double in size and bring Intel 4 (the new name for the firms 7-nanometer process) to Europe for the first time.

Intel will also establish a new R&D hub in France, which will become the companys European headquarters for research in high-performance computing (HPC) and AI, creating an estimated 1,000 additional high-tech jobs.

Lastly, the company laid out plans to utilize the expertise it will gain from the acquisition of Tower Semiconductor with a new state of the art back-end manufacturing facility in Italy.

This is a special moment for Intel and Europe, Gelsinger added. We hope these investments are a magnet for engineers, technicians, innovators,
entrepreneurs and small and medium businesses as we collectively solve the hard challenges of the digital age. Check out our lists of the best workstations and best mobile workstations on the market



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Link to news story: https://www.techradar.com/news/intel-set-to-splash-billions-on-new-european-em pire/


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