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121 shares, 334 points

In recent times, when the global chip crisis has been experienced, dozens of sectors, from vehicle production to computer hardware, have been adversely affected. In this process, while some companies were making plans for new investments, the European Union announced that it would make new investments for chip production. It seems that Intel also has big plans for the European Union.

The European Commission will work to produce its own chip and increase production for up to 10 years. On the other hand, Intel plans to make a large investment, aiming to produce 20% of the world’s logic chips by 2030, according to the Financial Times. The value spoken for the aforementioned giant factory is around 20 billion dollars.

Intel CEO Pat Gelsinger recently met with leaders in France and Italy to “stretch supply chains and rebalance semiconductor manufacturing.” As you know, when we say semiconductor, countries like Taiwan and South Korea come to mind first. The blue team, on the other hand, specifically referred to the excessive dependence on Taiwan for cutting edge semiconductor manufacturing.

The company is still in talks with various EU countries and the location of the factory is not known. In addition, it is said that the investment in the European semiconductor factory could spread to several EU member states.

So much so that this investment of Intel will make a great contribution to the strategies of the European Union regarding the semiconductor sector. At this point, we can see the European Union in very different places in terms of semiconductor production 10 years later.


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334
121 shares, 334 points

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