Intel Is Considering A $23.7 Billion Manufacturing Investment In The European Union

Intel is considering a €20 billion manufacturing investment in the European Union. The financial times reports that investment is aimed to produce 20% of world logic chips by 2020. Probably, it is additional to what the company plans to invest in Ireland.

Recently Intel’s CEO had a meeting with the leaders of France and Italy to “rebalance the semiconductor manufacturing landscape to make supply chains more resilient.” This shows how dependent the world is on Asia. Specifically, Taiwan for semiconductor manufacturing.

Although the location is still undecided, Intel is in talks with various EU members to strike a deal. Irrespective of the outcome, the investment will synchronize with the EU’s grand strategy to localize large scale  semiconductor manufacturing to make EU a net-exporter of semiconductors.

Via Twitter