Intel announces a €33 billion investment in Europe

The chip giant has confirmed the first phase of its investment plan in Europe, and has done so by explaining to Where will the first 33,000 million euros go? of the total of 80,000 million that Intel plans to invest in the old continent: Germany, France and Ireland, although with different goals in each case.

Pat Gelsinger, CEO of Intel, has explained that the 17,000 million euros that will be invested in Germany will be used to set up a semiconductor factory, and that it will be able to work with pointer nodes (of the latest generation). Ireland will take an investment of 12,000 million euros that will aim to expand the manufacture of semiconductors, and a part of the 33,000 million euros will also be used to set up a design and R&D center in France.

Other countries like Italy, Poland and Spain will also receive investments whose quantities have not been specified, and whose main objective will be to promote R&D, as well as manufacturing and other services necessary for the production of semiconductors. With this move, Intel has taken an important step forward in its strategy to expand its semiconductor manufacturing capacity, and has delivered on its promise to do so on European soil.

The CEO of Intel commented that:

“The investments we have planned are an important step for both Intel and Europe. The EU Chip Law will allow private companies and governments to work together to dramatically advance Europe’s position in the semiconductor sector. This extensive initiative will boost Europe’s R&D innovation and bring cutting-edge manufacturing to the region, which benefits our customers and partners around the world. We are committed to playing a key role in shaping Europe’s digital future for decades to come.”

It is expected that the construction of Intel’s new semiconductor manufacturing plant, which as we said will be based in Germany, start in 2023. If all goes according to plan and there are no delays, the plant should be ready to start manufacturing semiconductor wafers. sometime in 2027. This factory will employ some 7,000 workers in its construction phase, and later 3,000 highly qualified people (chip production).

In Spain, the collaboration with the Barcelona Supercomputing Center will be reinforced, and the main objective will be to advance in the development of architecture at “zettascale” over a period of ten years. The image that you will find at the end of this article, and that you can enlarge by clicking on it, contains a summary of the Intel plans spread across countries.

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