10. September 2021, 10:52 Uhr | Heinz Arnold
Wants to invest up to 80 billion Euro in new fabs in Europe: Pat Gelsinger, CEO of Intel. Several locations in Germany are under discussion.
Intel plans to announce by the end of the year where eight large chip fabs will be built in mainland Europe by 2030.
As Intel-CEO Pat Gelsinger told the Frankfurter Allgemeine Zeitung, there are about ten site candidates, including several in Germany. Gelsinger had therefore already met with representatives of the EU Commission and had met twice in the past three days with German Chancellor Angela Merkel.
Intel had announced investments of up to 80 billion euros in Europe at the IAA Mobility auto show on Tuesday. Of that, about 30 percent is to be covered by public aid, Gelsinger said. This state support is necessary in order to be able to compete, especially with Asian competitors, he said. Gelsinger also made it clear that it must also pay off for Intel if the U.S. company brings the latest chip technologies to Europe.