Massive investment in Europe, made by an American giant. 80 billion euros are at stake – Evenimentul Zilei

Representatives of the American group Intel Corp. announced on Tuesday that it could invest up to 80 billion euros in Europe over the next decade, to increase production capacity CHIP of the region.

Also, general director from Intel, Pat Gelsinger said that by the end of this year, the group will announce the location of two new European chip factories.

Which countries are taken into account by Intel for the big investment

There is currently speculation about possible locations, most likely in Germany and France, but in the race is also Poland, a country where Intel already has a presence, according to Agerpres.

Present at the Munich Motor Show, Pat Gelsinger said Intel’s goal is “a total project of 80 billion euros over the next decade to be a catalyst for the semiconductor industry and a catalyst for the entire technology industry.”

Intel is the largest manufacturer of processors for personal computers and data centers. In the spring of this year, Gelsinger says that within six to nine months, the US group wants to start producing chips for carmakers to help eliminate the supply shortage of semiconductors that disrupt global car production. It is unclear at this time whether the latest from Intel will help achieve that goal.

Cars become wheeled computers. You need us and we need us. The goal is to set up an innovation center in Europe, for Europe, ”said Gelsinger at the Bavarian Motor Show.

Ask for state aid from EU officials

Gelsinger also said that Intel wants the EU to commit to state aid for Intel’s proposed investment program for Europe. For the American group, car manufacturers are a key strategic priority. Gelsinger revealed on Tuesday that Intel expects chips to account for 20% of vehicle costs by 2030, a fivefold increase from 4% of costs in 2019.

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