Intel will invest nearly $90 billion in Europe's chipmaking industry

The tech giant said on Tuesday that it will spend an initial €17 billion ($19 billion) to create two new chip factories in Germany. Construction on the site in northeastern city of Magdeburg — which it will name “Silicon Junction” — is expected to begin next year and start operations in 2027. “This broad initiative will boost Europe’s R&D innovation and bring leading-edge manufacturing to the region,” Intel’s CEO Pat Gelsinger said in a press release.The company plans to pour money into every part of the chip supply chain — including research, manufacturing and packaging — with investments also going to France, Ireland, Italy, Poland and Spain. With its

→ Continue reading at CNN - Business News

More from author

Related posts

Advertisment

Latest posts

Want to Sell Your Product or Service More Effectively? Stop Being So Optimistic.

Opinions expressed by Entrepreneur contributors are their own. One of the most prominent struggles entrepreneurs face, especially when starting a new business,...

Microsoft Office Home and Business Is on Sale Again for a Limited Time

Disclosure: Our goal is to feature products and services that we think you'll find interesting and useful. If you purchase them, Entrepreneur may...

Meet the IT Army of Ukraine, the army of volunteers working to hack Russian sites

This article was translated from our US edition using AI technologies. Errors may exist due to this process. Opinions expressed by Entrepreneur contributors...