Intel to invest €33 bn for R&D and manufacturing in EU

Intel today announced an initial investment of over €33 billion for Research & Development and manufacturing in the European Union.
Intel technology for 5GIntel’s €33 billion investment is part of the first phase of its plans to invest as much as 80 billion euros in the European Union over the next decade along the entire semiconductor value chain – from research and development (R&D) to manufacturing to packaging technologies.

# Intel to develop two semiconductor fabs in Magdeburg, Germany
# Intel to initially invest 17 billion euros
# Intel to create 3,000 permanent high-tech jobs at Intel
# Intel to invest in its Leixlip, Ireland, expansion project, spending an additional 12 billion euros
# Intel to double manufacturing space to bring Intel 4 process technology to Europe and expand foundry services
# Intel plans back-end manufacturing facility in Italy for 4.5 billion euros
# Intel to build its new European R&D hub in France
# Intel to enhance lab space by 50 percent in Poland

Intel will invest an initial 17 billion euros into a semiconductor fab mega-site in Germany, to create a new R&D and design hub in France, and to invest in R&D, manufacturing and foundry services in Ireland, Italy, Poland and Spain.

Pat Gelsinger, CEO of Intel, said: “Our planned investments are a major step both for Intel and for Europe. The EU Chips Act will empower private companies and governments to work together to drastically advance Europe’s position in the semiconductor sector.”