The program includes 17,000 million euros to install a site in Germany, in Magdeburg (northeast), but also the creation of a research and development center in France, as well as investments in R&D in Ireland, Italy, Poland or Spain, with the aim of creating a “European microchip ecosystem,” the group said in a statement.
“We respond to the global need for a more balanced and resilient supply chain,” explained at a press conference the president of Intel, Pat Gelsinger
microchips are the “brains that feed the essential digital technologies” he said, alluding to “risk of being dependent on a single region”when the disruption of logistics chains due to covid accentuated the scarcity of these components.
Germany takes the lion’s share: the city of Magdeburg, located 130 km west of Berlin, obtains the installation of two factories. The country is already home to the largest semiconductor ecosystem in Europe, with groups such as Bosch or Infineon.
The future site, expected in 2027, will create “7,000 jobs for the construction phase, 3,000 permanent high-tech jobs at Intel and dozens of additional jobs” among suppliers, according to the group.
The European Commission had recently authorized 30,000 million euros of public aid from the Member States to industrialists in the semiconductor sector, including foreigners, a decisive investment for the choice made by Intel, despite the fact that producing this type of component in Europe is 30 to 40% more expensive than in Asia.
Intel’s announcement “is the first major realization” of the European plan, European Commission President Ursula von der Leyen said in a video message.
Source: Ambito
David William is a talented author who has made a name for himself in the world of writing. He is a professional author who writes on a wide range of topics, from general interest to opinion news. David is currently working as a writer at 24 hours worlds where he brings his unique perspective and in-depth research to his articles, making them both informative and engaging.
