By Anna Cooban, CNN Business Intel plans to invest up to €80 billion ($89 billion) over the next decade to build up Europe’s supply chain for semiconductor chips. The tech giant said on Tuesday that it will spend an initial €17 billion ($19 billion) to create two new chip factories in Germany.
U.S. chipmaker Intel unveiled plans on Tuesday to invest up to 80 billion euros ($88 billion) across Europe as part of an ambitious expansion aimed at evening out imbalances in the global semiconductor industry that have led to big chip shortages.
US chipmaker Intel has announced a plan to invest over €80 billion in Europe in the next decade. Germany has been earmarked as the location of a "megasite" for chipmaking.
Identical headlines usually mean shared wire copy. They are counted as separate articles but are not independent confirmation.
Intel Commits $36 Billion to Making Chips in Europe | Since Then
