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Intel to Invest up to 80 Billion Euros in Boosting EU Chip Capacity: CEO

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, speaking at Munich’s IAA auto show, also said the company would announce the locations of two major new European chip fabrication plants by the end of the year. 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. The CEO said the aim was for a “total project of 80 billion euros ($94.77 billion) over the next decade that would be a catalyst for the semiconductor industry … a catalyst for the entire technology industry.” Intel, the biggest maker of processor chips for PCs and data centers, in March said it planned …

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