on Toshareproject.it - curated by Bruce Sterling
(Reuters) – Intel has picked Germany as the site for a huge new chipmaking complex, giving the first details of a $88 billion investment drive across Europe, which is striving to cut its reliance on imports and ease a supply crunch for manufacturers.
The plan is the latest by a major semiconductor maker as the industry tries to catch up with a boom in demand for chips used in everything from smartphones to cars, though there will be no quick fix as the new German plants won’t come online until 2027.
The U.S. chipmaker is spreading its investments around half a dozen countries, including boosting its existing factory in Ireland, setting up a design and research facility in France, and a packaging and assembly site in Italy.
The initial spending will total 33 billion euros ($36 billion), including 17 billion euros in Germany, where the auto industry is likely to be a prime customer for cutting-edge chips that could use technology as small as 2-nanometers….
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.
The company will invest an additional 12 billion euros in an Irish facility which will take its total investment in Ireland to more than 30 billion euros.
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…..