Computer chip giant Intel announced Tuesday that it will invest at least $36 billion in new semiconductor manufacturing and research facilities in Europe, continuing the company’s drive to fortify Western production of a component considered vital for national and economic security, APA-Economics reports citing Washington Post.
The announcement comes weeks after Intel unveils plans to invest at least $20 billion in a large new manufacturing site near Columbus, Ohio.
The European plan includes the construction of two new factories in Magdeburg, Germany, a city between Berlin and Hanover. Intel will also double its existing manufacturing facility in Leixlip, Ireland, and is in negotiations with Italian officials about a possible manufacturing site.
On the research side, Intel plans to establish a new European R&D hub near Plateau de Saclay, France, on the southwestern outskirts of Paris. And it will create a joint lab with the Barcelona Supercomputing Center in Spain and expand its existing research facility in Gdansk, Poland, the company said.
“We are committed to playing an essential role in shaping Europe’s digital future for decades to come,” Intel chief executive Pat Gelsinger said in a statement.
Follow us on Telegram
t.me/apanewsaz
Follow us on Instagram
Follow us on Facebook
Follow us on Twitter
