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Intel pledges $88 billion for
European design, manufacturing
SANTA CLARA, Calif., – Intel says it
plans to invest as much as 80 billion
euros ($87.88 billion) in the European
Union over the next decade along the
entire semiconductor value chain –
from R&D to manufacturing to state-
of-the art packaging technologies.
Fab mega-site slated for Germany
The plans include an investment of €17
billion ($18.75 billion) for a leading-edge
semiconductor fab mega-site in Germany;
a new R&D and design hub in France; and
R&D, manufacturing and foundry services
for Ireland, Italy, Poland and Spain.
The company says, “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 bal-
anced and resilient supply chain.”
Chips Act
Pat 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 gov-
ernments to work together to drastically
advance Europe’s position in the semicon-
ductor 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.”
In the initial phase, Intel plans to develop
two first-of-their-kind semiconductor fabs
APRIL 2022
Artist’s rendering of Intel’s proposed site in Magdeburg, Germa-
ny. (Intel)
in Magdeburg, Germany, the capital of Sax
ony-Anhalt.
Construction set for 1H 2023
Planning will start immediately, with con-
struction expected to begin in the first half
of 2023 and production planned to come
online in 2027, pending European Commis-
sion approval.
The new fabs are expected to deliver chips
using Intel’s most advanced, Angstrom-era
transistor technologies, serving the needs
of both foundry customers and Intel for Eu-
rope and globally as part of the company’s
IDM (integrated device manufacturer) 2.0
strategy.
Silicon Junction
At the center of Europe and with top talent,
superb infrastructure and an existing eco-
system of suppliers and customers, Ger-
many is an ideal place to establish a new
hub – a “Silicon Junction” – for advanced
chipmaking.
Intel plans to initially invest 17 billion eu-
ros, creating 7,000 construction jobs over
the course of the build; 3,000 permanent
high-tech jobs at Intel; and tens of thou-
sands of additional jobs across suppliers
and partners.
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