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Intel To Invest $122 Billion Into European Chip Factories

Intel has today announced plans to pour at least A$122 billion into a semiconductor ecosystem scanning numerous European nations.

The announcement steps out the initial plans, with A$25.9 billion earmarked to create a semiconductor fab mega-site in Germany, to create a new R&D and design hub in France, and to invest in R&D, manufacturing and foundry services in Ireland, Italy, Poland and Spain.

The above rendering shows early plans for two new Intel processor factories in Magdeburg, Germany. Construction for this is expected to begin in the first half of 2023, with chip production starting at the end of 2027.

“Our planned investments are a major step both for Intel and for Europe,” said Pat Gelsinger, CEO of Intel.

“The EU Chips Act will empower private companies and governments to work together to drastically advance Europe’s position in the semiconductor 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.”

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