The American group unveils a plan for massive investment in semiconductors in six EU countries.
And in the end, Germany wins. It’s not about football, but about Intel’s European investments, involving 80 billion euros in ten years, including 17 billion for the construction of a mega-factory in Germany, in Magdeburg. This plan is fully in line with European policy, and more specifically within the framework of the Chips Act, aimed at attracting and co-financing innovative industrial projects in semiconductors. Europe wants to quadruple its chip production over a decade, to hold 20% of the world market share in 2030.
We must respond to the digitization of the economy, which increases the demand for semiconductors in all sectors. Intel’s new manufacturing units will help “to the autonomy and resilience of European supplies”, insists Pat Gelsinger, the CEO of Intel, noting that the war in Ukraine has further reinforced the need for regional independence.
Intel’s project allows Europe to put…