The manufacturer Intel has announced its investment plan in planned semiconductor manufacturing units worth $ 20 billion that could be extended to several member states of the European Union. Intel continues to push to win the financial support available from Europe.
The financial support is part of the European Union's efforts to help its member states double semiconductor production in order to reach 20% of the global market by 2030. With this they hope that the current semiconductor shortage that affects prices and availability of electronic products will not be repeated so severely in the future.
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Details of Intel's spending emerged shortly after its CEO Pat Gelsinger met with French President Emmanuel Macron and Italian Prime Minister Mario Draghi to discuss the global chip shortage. In addition to financial support, Intel is also looking for a site of approximately four square kilometers with developed infrastructure that can support the manufacturing units.
Speaking to FT, Greg Slater, Intel vice president of global regulatory affairs; He suggested that Intel could expand manufacturing facilities and services to support the chip production process in several member states. He claims that they are in a good position to make it a project for the whole ecosystem and that the new Intel factory will benefit Europe in general.
He added that the company could perhaps manufacture the chips at one site and use another for packaging, while research and development could be shared across the European Union. Intel plans to start with a couple of manufacturing units at a total cost of about $ 20 billion, Slater confirmed. Intel has made a similar commitment in the United States. as part of the renewed IDM 2.0 strategy.
Source: TechRadar
