Intel to Invest up to 80 Billion Euros in Boosting EU Chip Capacity: CEO

Intel to Invest up to 80 Billion Euros in Boosting EU Chip Capacity: CEO
Intel CEO Pat Gelsinger attends an international business leaders' meeting in Versailles, France, on June 28, 2021. Stephane de Sakutin/Pool via Reuters
Reuters
Updated:

Intel Corp. on Tuesday said it could invest as much as 80 billion euros in Europe over the next decade to boost the region’s chip capacity and will open up its semiconductor plant in Ireland for automakers.

Intel CEO Pat Gelsinger, speaking at Munich’s IAA auto show, also said the company would announce the locations of two major new European chip fabrication plants by the end of the year.