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Intel Announces Plans To Inject More Than 33 Billion Euros In Building A European Semiconductor Chip Supply Chain

Global powers regard the local supply capacity of chips as a national security issue, which drives the semiconductor manufacturing industry to be more dispersed and reduces the risk of over-concentration of production areas. On March 15, semiconductor giant Intel (INTC.US) announced that it plans to inject more than 33 billion euros (about 36 billion U.S. dollars) to establish a European semiconductor chip supply chain, with an investment of 80 billion euros (about 89 billion U.S. dollars) in the next 10 years. , . CNBC, "Wall Street Journal" and other foreign media reported that Intel said on the 15th that it will spend more than 33 billion euros to improve European chip manufacturing capabilities, of which 17 billion euros (about 19 billion U.S. dollars) will be used in Madgeburg, Germany. Construction of two new chip plants, using the most advanced 2nm process, is expected to start in the first half of 2023, and if everything goes smoothly, it will be officially put into production in 2027. Intel CEO Pat Gelsinger mentioned that in the long run, it will invest as much as 80 billion euros in Europe over the next 10 years, committing to build a new R&D design center in France and develop in Ireland, Italy, Poland and Spain R&D, manufacturing and foundry services.

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