Intel to invest $36 billion in new computer chip factories in Europe [View all]

[iemanja]

Computer chip giant Intel announced Tuesday that it will invest at least $36 billion in new semiconductor manufacturing and research facilities in Europe, continuing the company’s drive to fortify Western production of a component considered vital for national and economic security.

The announcement comes weeks after Intel unveiled plans to invest at least $20 billion in a large new manufacturing site near Columbus, Ohio.

The European plan includes construction of two new factories in Magdeburg, Germany, a city between Berlin and Hanover. Intel will also double its existing manufacturing facility in Leixlip, Ireland, and is in negotiations with Italian officials about a possible manufacturing site.

On the research side, Intel plans to establish a new European R&D hub near Plateau de Saclay, France, on the southwestern outskirts of Paris. And it will create a joint lab with the Barcelona Supercomputing Center in Spain and expand its existing research facility in Gdansk, Poland, the company said.

https://www.washingtonpost.com/technology/2022/03/15/intel-europe-investment-manufacturing/

I wish they'd invested in all in the US. I know Ireland has very low corporate taxes.