Intel Plans $19 Billion German Mega Factory in European Push
- Preparing to invest 33 billion euros in sites across Europe
- Expansion drive is part of bid to revive industry standing
Photographer: Akio Kon/Bloomberg
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Intel Corp. pledged to invest 17 billion euros ($18.7 billion) to build a cutting-edge semiconductor production site in Germany, marking the beginning of Europe’s ambitious attempt to lure global chipmakers back to the region.
The Santa Clara, California-based company has committed to spend 33 billion euros in a number of European countries, part of a plan to devote 80 billion euros to the region over the next decade. France will become home to a new chip research center, and the company will expand its existing production site in Ireland. Intel also announced it is negotiating with Italy about opening a new packaging site.