BERLIN/STOCKHOLM : Intel's announcement that it will invest more than $20 billion in two new semiconductor plants in the United States is in sharp contrast to its silence on European plans originally flagged last year.
Analysts said the company could be waiting for the introduction of new legislation before deciding on a European location. The European Chips Act aims to reduce the continent's dependence on Asian suppliers for advanced semiconductors by subsidising the local development of large chip factories. Gartner chip analyst Alan Priestley said that with the planned Ohio site, pressure on Intel to locate a site in Europe could have reduced.
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