Intel to invest up to 80 bln euros in boosting EU chip capacity-CEO

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Intel Corp on Tuesday said it could invest as much as 80 billion euros in Europe over the next decade to boost the region's chip capacity and will open up its semiconductor plant in Ireland for automakers.

Intel CEO Pat Gelsinger attends an international business leaders' meeting in Versailles, France June 28, 2021.Stephane de Sakutin/Pool via REUTERS/File Photoon Tuesday said it could invest as much as 80 billion euros in Europe over the next decade to boost the region's chip capacity and will open up its semiconductor plant in Ireland for automakers.

There is speculation about possible production sites, with Germany and France seen as leading contenders while Poland, where Intel also has a presence, also in the picture. Intel, the biggest maker of processor chips for PCs and data centres, in March said it planned to open up its chip factories for outsiders to use.that the company wanted to start producing chips for automakers within six to nine months to help alleviate a shortage that has disrupted vehicle production around the world."Cars are becoming computers with tires. You need us and we need you... The aim is to create a centre of innovation in Europe, for Europe," Gelsinger said.

 

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