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Intel Plans $36 Billion in European Chip Plant Investments

Intel Plans  Billion in European Chip Plant Investments

Intel Corp. mentioned it might make investments $36 billion in chip manufacturing and analysis throughout Europe, together with a brand new chip-making advanced in Germany, to maintain tempo with surging demand for semiconductors.

Chief Government Pat Gelsinger Tuesday mentioned Intel had chosen the town of Magdeburg, Germany, to place up what can be one of many greatest and most superior semiconductor manufacturing amenities on the Continent. The corporate plans a down fee of about $18.6 billion, the equal of about €17 billion, on that facility.

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