Intel to Construct US$ 19bn Chip Manufacturing Unit in Germany
As part of its expanded investments in Europe, Intel intends to build a US$ 19bn chip manufacturing unit in Germany. Intel’s European expansion is the most recent chapter in the company’s factory-building spree. During the worldwide semiconductor scarcity, the business is rapidly increasing its production footprint – both at home and overseas.
According to a company announcement, the tech behemoth has set aside US$ 88bn for investments in the continent over the next decade, and the new facility in Germany will be one of the first steps toward “creating a next-generation European chip ecosystem and emphasizing the importance of a more balanced and sustainable supply chain.”
