Home Technology Intel Plans To Build A Semiconductor Manufacturing Plant In Europe

Intel Plans To Build A Semiconductor Manufacturing Plant In Europe

On the evening of 30 April, Pat Gelsinger (Pat Gelsinger), CEO of Intel, announced that Intel is pursuing public subsidies for building an advanced building in Europe for €8 billion (approximately $9.7 billion).

In an interview with the media, Gelsinger said “We are asking the US and the European governments to do this (to develop a plant) in Asia to become more successful.”

A spokesman for Intel confirmed this. Today in Brussels Gelsinger is to discuss the Semiconductor Policy with Thierry Breton, the EU Internal Market Commissioner.

Kilsinger revealed last month the IDM2.0 strategy by Intel, planned to develop two Arizona plants with up to US$20 billion and to open a foundry for foreign customers in the chip-making industry to retake its leading role.

For decades, Intel led the market in the field of semiconductive chips, but it has steadily lost its advantages in the field of chip production due to the constant delay in new research and development of the process.

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Ashvin Chavda
Believes in karma. Ashvin is a Final Year student currently pursuing a bachelor's degree in CSE and a lifelong learner with an ongoing curiosity to learn new things. He also loves traveling and gaming.
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