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
US chipmaker Intel has revealed that it will invest up to 80 billion euros ($88 billion) across Europe in the next decade, as part of which it plans to build a semiconductor plant in Germany.
The chipmaker will allot 17 billion euros to beef up its European production capacity with a semiconductor fab “mega-site” in Magdeburg, Germany. The site will include two semiconductor factories, or fabs, that will make chips with Intel’s most advanced technology.
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.
Intel said 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.
Intel will also invest another 12 billion euros ($13 billion) to expand a factory in Leixlip, Ireland. It will double the manufacturing space and expand foundry services there.
The company is also in discussions with Italy to build an Assembly and packing facility there at a cost of up to $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.
The chipmaker aims to set up its main European foundry design center in France too. Further investments are earmarked for Poland and Spain.
