Intel plans to build a $19 billion chip plant in Germany
Intel plans to build its European research and development hub near Plateau de Saclay, France. It expects to create 1,000 jobs as a result, with 450 of those opening up by the end of 2024. Intel aims to set up its main European foundry design center in France too. Further investments are earmarked for Poland and Spain.
The company says the plan is"centered around balancing the global semiconductor supply chain with a major expansion of Intel’s production capacities in Europe." In February, the European Uniona $49 billion effort to prevent future chip shortages and reduce reliance on parts manufactured in Asia. “The EU Chips Act will empower private companies and governments to work together to drastically advance Europe’s position in the semiconductor sector," Intel CEO Pat Gelsinger said."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."
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