Intel Announces Initial Investment of Over €33 Billion for R&D and Manufacturing in EU

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On March 15, 2022, Intel announced the first phase of its plans to invest as much as 80 billion euros in the EU over the next decade along the entire semiconductor value chain – from research and development (R&D) to manufacturing to state-of-the art packaging technologies.

Intel plans to invest an initial 17 billion euros into a leading-edge semiconductor fab mega-site in Germany, to create a new R&D and design hub in France, and to invest in R&D, manufacturing and foundry services in Ireland, Italy, Poland and Spain.

With this landmark investment, Intel plans to bring its most advanced technology to Europe, creating a next-generation European chip ecosystem and addressing the need for a more balanced and resilient supply chain.

Pat Gelsinger, CEO of Intel, said: “Our planned investments are a major step both for Intel and for Europe. The EU Chips Act will empower private companies and governments to work together to drastically advance Europe’s position in the semiconductor sector. This broad initiative will boost Europe’s R&D innovation and bring leading-edge manufacturing to the region for the benefit of our customers and partners around the world. We are committed to playing an essential role in shaping Europe’s digital future for decades to come.”

More information on investment and trade promotion is available HERE.

Statement by President von der Leyen on Intel’s announcement of its investment plans in the EU:

”A month ago, the Commission presented the EU Chips Act.

With the EU Chips Act, we want to make Europe a leader in the global semiconductor production. Our goal is to have 20% of the world’s microchips production in Europe, by 2030. That’s twice as much as today, in a market that is set to double in the next decade.

In total, more than 43 billion euros of public investment, both EU and national investments, will support the EU Chips Act until 2030. It will make Europe a more attractive place for tech companies to invest in cutting-edge chips development and production.

This is why I see today’s announcement by Intel as a first major achievement under the EU Chips Act. An 80 billion euros investment over the next decade across the entire semiconductor value chain. From R&D to manufacturing and advanced packaging. With many strong local partners.”

Read the full statement HERE.

Source/ Image Credit: Intel