As part of the Intel Reducing dependence on chip production in Asia, US chip giant Intel announced Tuesday afternoon plans to invest a whopping € 33 billion ($ 36.2 billion) in the EU chip industry. Israel is not part of the program because it is a joint program for the American corporation and the EU countries only.
According to the plan, the largest investment, amounting to about $ 19 billion, will be made in the German city of Magdeburg, which is about 150 km from Berlin, in parallel with another $ 13 billion investment in expanding the existing production plant in Lixlip in Ireland and investing billions in the Italian plant. To operate under the Israeli Tower.
According to the company’s CEO, Pat Glaser, the design of the new plant in Germany has already been completed, construction will begin in the first half of 2023 and he is expected to start producing chips in 2027 using new technology based on transistors measured in Angstrom units. Intel units of measurement are currently measured in nanometers. “We were looking for a place in Germany that would be accessible to both quality human capital, but also to strong building materials,” Glasinger said in a pre-recorded video broadcast today. “The plant will be the largest and most central in Europe, will be the size of two football pitches, and is expected to concentrate the production and development of our chips across the continent. This is one of the reasons why Magdeburg is referred to by us as the “Silicon Junction.” Glasinger revealed that the plant is expected to employ about 3,000 employees upon its launch, which will serve the chip production for both Intel and external customers, as part of Intel’s transition to production for competing companies (the Poundry model).