Will Intel request EU countries to invest in the construction of a 2.2 trillion yen factory and provide sites, and plan to expand the semiconductor manufacturing business widely in Europe?
It is reported that Intel is planning to build a semiconductor factory in Europe by investing more than 20 billion dollars (about 2.2 trillion yen). In addition to financial support, Intel is actively working with governments in EU countries such as France and Italy to secure 1000 acres (about 4 square kilometers) of land that can accommodate up to eight chip manufacturing plants. ..
Intel offers to spread $ 20bn chip factory investment across EU | Financial Times
Intel to Invest USD 20 Billion Into building Chip Factory Across the EU | Synced
https://syncedreview.com/2021/07/11/intel-to-invest-usd-20-billion-into-building-chip-factory-across-the-eu/
Intel CEO Pat Gelsinger met with French President Emmanuel Macron and Italian Prime Minister Mario Draghi to discuss the global chip shortage situation that is hitting Europe and other industries.
The EU has set a new goal of doubling the production of semiconductors, including cutting-edge chips, to 20% of the global market by 2030, and the meeting of CEO Gersinger is huge for the EU to reach the goal. The Financial Times pointed out that it suggests the possibility of making an investment in the EU.
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Intel's business plan estimates that it will first set up two manufacturing plants and will cost about $ 20 billion to operate for 10 years. Intel executives also told the Financial Times that it could cost more than $ 100 billion to keep the factory running.
In addition to financial support, Intel is looking for about 1000 acres of land with human resources and infrastructure that can build up to 8 manufacturing plants, including Germany, the Netherlands, France and Belgium. He said he was consulting. 'Intel is considering bringing state-of-the-art 10nm manufacturing process technology or better to Europe,' said a French government official.
However, the Financial Times says Intel is looking to diversify across EU countries rather than just asking one country to build a manufacturing plant and a huge loan.
'We manufacture chips in one place and package in another,' said Greg Slater, a member of Intel's team looking to expand its business in Europe and Vice President of Intel's Global Regulatory Division. 'We believe that we should do business in the entire ecosystem, not in one country. We are confident that this is a project that will benefit Europe as a whole. I will. '
by Fensterblick.
Intel's offer, of course, has great implications for Europe. 'Europe should ultimately aim to produce cutting-edge 2nm chips,' said Thierry Breton, Commissioner for Single Markets and Industrial Strategy on the European Commission. It shows a positive attitude toward the plan to build in Europe.
However, it has been pointed out that cutting-edge semiconductor manufacturing is costly and has many challenges, so it poses a great risk. Swedish businessman Jacob Warrenberg told the Financial Times, 'The question is whether Europe can catch up with the world. Choosing an overly costly method solves nothing. If you can't do that, you'll get disappointing results. '
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