Intel to invest 80 billion Euros in Europe

Intel has announced a total investment package of 80 billion Euros to establish new chip facilities or improve existing ones in different European cities.
 Intel to invest 80 billion Euros in Europe
READING NOW Intel to invest 80 billion Euros in Europe

In order to combat the global chip crisis, the chip giants that opened their mouths began to look for the most suitable places for investment. While Samsung and TSMC preferred the USA for investment, Intel set foot in Europe.

Huge investment in Europe

Intel is planning investments to improve its facilities in its own country, but has announced a roadmap that may be the largest investment in Europe in history. It plans investments of up to 80 billion Euros in the continent within 10 years. Investments cover areas such as R&D, production, packaging and testing.

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Intel in the first place Germany It plans to establish a 17 billion Euro production facility in . This phase will be completed by 2027. An R&D center in France, production and casting facilities in Ireland, and similar facilities in Italy, Poland and Spain are also within the scope of the investment.

In the 10-year roadmap, Intel’s most advanced chip technologies will be installed in Europe. With next-generation manufacturing technologies, Intel aims to establish a more efficient supply chain. These investments will create a total of 15-20 thousand indirect or direct jobs. The firm had already created 10,000 jobs in 30 years on the continent. In the last two years, it has invested more than 10 billion Euros.

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