During the pandemic period, people’s quarantine, continuing their work and school from home increased the demand for phones and computers. Increasing demand for technological gadgets has also generated record revenue for most valuable chip maker Intel. But Intel’s record revenue also caused the chip crisis. .
World’s largest chip manufacturer Intel has announced that it will make new investments to end the crisis. The company had previously announced that it would build more than $20 billion worth of new factories in Ohio. Therefore, it was not surprising that they announced their new investment plans. So how will Intel make its new investments and how much will it spend on them? Let’s take a look at the details of the news together.
More than $30 million invested in the Intel chip crisis
Intel announced that it will invest over $36 billion in Europe to end the chip crisis. He also announced that he plans to invest up to 87 billion dollars in total in order to completely eliminate this problem in the next ten years.
Two new factory plans to be built in Magdeburg, Germany, include more than one project. According to Intel, the construction of these factories will begin in the first half of 2023. It is aimed to start chip production in factories in 2027. Offering a starting price of 17 billion Euros for its investments in Germany, Intel will provide construction jobs to 7,000 people and permanent jobs to 3,000 people. For the same reasons, the company will invest an additional 12 billion Euros to expand its facilities in Ireland.
According to Intel’s statement, it is considering investing up to 4.5 billion Euros in Italy. The company will employ 1,500 people with these investments. However, it is unclear for now exactly in which area the company will invest here. Stating that it is in the process of making an agreement with Italy, the chip manufacturer plans to start investments between 2025 and 2027.
What do you, our readers, think about this issue? Do you think Intel’s announced investments will end the chip crisis? You can comment or express your thoughts on the SDN Forum.
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