Intel’s CEO, Pat Gelsinger, has been pretty vocal in regards to the company’s plans for creating a $93 billion semiconductor manufacturing section, located in Europe. As we know, this plan will be in development for upwards of ten years and the CEO doesn’t miss any chance of talking about the company’s plans for the new manufacturing section as we witnessed during his talks at the IAA Mobility Auto Show, located in Munich, Germany.
According to Gelsinger, Intel’s latest expansion project will be “the most advanced chip fab anywhere in the world.” this new development will be utilizing ASML Holdings’ EUV (Extreme Ultraviolet Lithography) tools for the future cutting-edge components. The CEO also states that the product will be in conjunction with their organization’s “IDM 2.0” renewal project, and the company has plans in working with automotive manufacturers to update their resources for production and development.
In July, the chip manufacturer had released information about the corporation’s plans to create semiconductor fabrication plants in the European Union. If so, then these plans of the company will make the company stand in direct competition with Taiwan Semiconductor Manufacturing Company (TSMC) as well as with Samsung Electronics who is currently in the development of more advanced chips in this sector.
As we know, both TSMC and Samsung companies hold a large stake in the chip industry as a whole and Gelsinger plans to bring Intel back to its higher industry standards as they once had in the past.
According to reports, the new plant from Intel will lead to the opening up of 10,000 jobs once fully developed and in preparation for this plant, Gelsinger has met with various leaders in the European Union, such as Belgium, France, Germany, Ireland, Italy, Poland, and the Netherlands in regards to government funding for the intended project.
The company has also announced that they are actively working with automotive manufactures to create impactful components, especially during the worldwide chip shortage.
Intel stated that corporations like Daimler, Bosch, and Volkswagen are interested in its accelerator program, though none have joined it officially.
No government leaders or automotive corporations have publicly announced any new developments with Intel, but developments should start as early as 2022.
