Intel’s proposed US$30 billion (£23 billion) investment in semiconductor manufacturing capacity across Europe has the potential to significantly boost the continent’s struggling chip industry.
The US giant is poised to invest an initial US$17 billion to build a cutting-edge semiconductor factory (known as a fab) in Germany, along with associated R&D facilities to develop new generations of chips in France, Ireland and Poland. It is also in negotiations with the Italian government to develop a manufacturing facility in that country.
