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Intel plans to build a $19 billion chip plant in Germany:
Intel has confirmed plans to build a semiconductor plant in Germany as part of an investment of up to €80 billion ($88 billion) in Europe over the next decade. The initial outlay for the facility in Magdeburg, the capital of Saxony-Anhalt, is €17 billion ($19 billion).
The so-called "mega-site" will actually comprise two factories. Planning will start right away with construction expected to get under way in the first half of next year, as long as Intel gets the thumbs up from the European Commission. Production should commence at what Intel is calling "Silicon Junction" in 2027. As such, the plant won't help offset the global chip shortage any time soon.
Intel says the dual plants will build chips using its top-of-the-line Angstrom-era transistor tech. It expects to create 7,000 construction jobs for the duration of the build, 3,000 permanent positions and thousands more jobs across partners and suppliers.
Elsewhere, Intel will invest another €12 billion ($13 billion) to expand a factory in Leixlip, Ireland. It will double the manufacturing space and expand foundry services there. The company's also in discussions with Italy to build an assembly and packing facility there at a cost of up to €4.5 billion ($4.9 billion).
Intel plans to build its European research and development hub near Plateau de Saclay, France. It expects to create 1,000 jobs as a result, with 450 of those opening up by the end of 2024. Intel aims to set up its main European foundry design center in France too. Further investments are earmarked for Poland and Spain.
Hat-tip to takyon for also sumitting Intel to announce its manufacturing and R&D plans for European Union tomorrow.
(Score: 2) by canopic jug on Saturday March 19 2022, @05:08AM
Intel will look really good with capacity in Europe...if China invades Taiwan and the Taiwanese chip industry goes off line.
Not really. In all likelihood the factory will be manufacturing x86 and other insecure, defunct technologies. It is long past time, decades in fact, to kick the x86 design to the curb. It's continued existence is not helping anyone except the executives at Intel and a random passel of otherwise unemployable microsofters.
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