Intel is planning to spend as much as $20bn on building a couple of chip manufacturing plants in Europe, with more in the works. CEO Pat Gelsinger has

As Europe hopes to double its share of global chip production, Intel comes along with $20bn, plans for fabs

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2021-07-13 11:00:23

Intel is planning to spend as much as $20bn on building a couple of chip manufacturing plants in Europe, with more in the works.

CEO Pat Gelsinger has been traveling across the region and just met French President Emmanuel Macron, German Chancellor Angela Merkel, and Italian Prime Minister Mario Draghi to discuss component supply-chain problems amid the ongoing global chip shortage.

Industries including automotive, consumer tech, and health have been hit hard by the semiconductor drought, and fabrication plants are struggling to fulfill a backlog of orders.

The European Commission, for one, hopes to boost production of “cutting-edge and sustainable semiconductors” in Europe to 20 per cent of global output by 2030, up from about 10 per cent right now, according to its Digital Compass initiative. That, at least, might ensure Europe gets a decent supply for parts for the future.

Intel wants in on this, and hopes to expand its presence on the continent. It hopes to build in Europe at least one factory for manufacturing and another for advanced packaging, Greg Slater, VP of global regulatory affairs, told the Financial Times over the weekend. France, Germany, Belgium, and the Netherlands are being considered as hosts for these facilities, and Intel is expected to name locations by the end of the year.

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