Intel spreads chip investment across six EU countries

INSUBCONTINENT EXCLUSIVE:
Intel has picked Germany as the site for a huge new chipmaking complex, giving the first details of a $88 billion investment drive across
Europe, which is striving to cut its reliance on imports and ease a supply crunch for manufacturers.The plan is the latest by a major
semiconductor maker as the industry tries to catch up with a boom in demand for chips used in everything from smartphones to cars, though
there will be no quick fix as the new German plants won''t come online until 2027.The United States chipmaker is spreading its investments
around half a dozen countries, including boosting its existing factory in Ireland, setting up a design and research facility in France, and
a packaging and assembly site in Italy, Reuters reported.The initial spending will total 33 billion euros ($36 billion), including 17
billion euros in Germany, where the auto industry is likely to be a prime customer for cutting-edge chips that could use technology as small
as 2-nanometers.The post Intel spreads chip investment across six EU countries first appeared on Ariana News.