Intel's announcement comes after the European Commission last month set out plans to encourage chip manufacturing in the European Union, with proposed new legislation to ease state aid rules for chip factories and enable $17 billion in additional public and private investment.Chipmakers are looking to build more factories to make advanced and smaller chips for use in premium smartphones like Apple's latest iPhones that use chips with 5-nanometer technology.
"[Intel] is using capacity as a strategic weapon ... Part of the strategy right now is to go around the world and beg for money," Rasgon said. "If there's any time to run around the world begging for money to build semiconductor manufacturing facilities now is the time."Intel will build two factories in Magdeburg, Germany, creating 7,000 construction jobs, 3,000 permanent jobs at the company, and tens of thousands of additional jobs across suppliers and partners, it said.
It is also in talks with Italy for a chip assembly and packaging plant for a potential investment of up to 4.5 billion euros, expected to start operations between 2025 and 2027.The company will also increase its lab space in Poland and plans to establish joint labs with the Barcelona Supercomputing Center in Spain for advanced computing.
We have to move as much manufacturing to countries that share our values. We have to do better at becoming self reliant. For me if it’s made in Canada US or Europe Australia it’s for me. We cannot afford to be held ransom.
Will install in Germany because 90% of neon comes from Ukraine and more than 40% of paladium comes from Russia without these 2 it will not be viable to make semiconductors and Germany is in a strategic position to buy from Russia and Ukraine.
Imagine us attracting an industry to Canada? A pipe dream at this point.