Intel eying $95 billion investment in Europe

Posted on Tuesday, Sep 07 2021 @ 21:46 CEST by Thomas De Maesschalck
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Intel is planning to invest up to $95 billion in European chip making capacity over the next decade. CEO Pat Gelsinger said the firm currently has plans to build two chip plants at an unnamed European site. The firm also plans to dedicate some of its mature Irish chip manufacturing capacity to automotive chips.
Intel Chief Executive Officer Pat Gelsinger Tuesday said the company was planning two chip factories at a new site in Europe and could potentially expand it further, with the increases raising the total investment over about a decade to the equivalent of as much as 80 billion euros. The facilities would cater to meteoric demand for semiconductors as computers, cars and gadgets become more chip-hungry.

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Thomas De Maesschalck

Thomas has been messing with computer since early childhood and firmly believes the Internet is the best thing since sliced bread. Enjoys playing with new tech, is fascinated by science, and passionate about financial markets. When not behind a computer, he can be found with running shoes on or lifting heavy weights in the weight room.

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