Intel has announced that it plans to spend more than 55 billion Euros in the EMEA region on semiconductor production, investing in Germany, Israel and Poland.
The semiconductor giant is planning to spend 30 billion Euros in Magdeburg, Germany, 23 billion Euros in Kiryat Gat, Israel, and 4.6 billion Euros in Poland with a new semiconductor assembly/test facility in Wroclaw.
In a post on LinkedIn, Pat Gelsinger, CEO, Intel, commented: “Semiconductor manufacturing that is too concentrated in any one region can cause rapid and extraordinary disruption that leads to a variety of shortages. The creation of more resilient systems without single points of collapse is critical. Nothing should be reliant on a single port – whether in the U.S., Europe, or Asia.
“Intel welcomes and strongly supports the EU Chips Act package and its ambition to develop a more geographically diversified, sustainable, and resilient semiconductor supply chain. Intel is one of a handful of global companies that can bring leading-edge and sustainable chips technology to Europe!”
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