2024-09-17 02:15:09
For Europe, this is a big change. After having announced the reduction of 15% of its employees (18,000 people are concerned) and a savings plan of 10 billion dollars (around 9 billion euros) these are the publication of disappointing results for the its second financial quarter, in early August, Intel. announced, Monday 16 Septemberthat he postponed the construction of two factories – one planned in Germany, the other in Poland – despite the large contributions made to him by both countries. Details of the said plan are expected before the end of September, during a company board meeting.
Warsaw recently proposed public assistance of 1.8 billion dollars American semiconductor giant for a $4.6 billion industrial project on a new site in Miekinia, 20 kilometers from Wroclaw, in western Poland. The cold shower is also in Germany, which counts on an investment of 30 billion euros, in order to raise chip production in Europe, and which Berlin has said is ready to share. funding of 10 billion euros. In June, Intel has already decided to stop the expansion of one of its factories in Israel, where it is based.
These are the announcements of the strategies of Pat Gelsinger, appointed CEO of the company in the beginning of 2021, after having worked there from 1979 to 2009. When he arrived at the head of the company in Santa Clara, California, he has set himself for the double goal of maintaining technological advancement in the design of professionals, but also of increasing his production capacity, to receive orders from his competitors who prefer the “vanity” model (without home- a function) devoted only to the design of new chip models.
The sequence of events had a favorable start for him. Indeed, the Covid-19 crisis has increased sales of computer equipment integrating its products (PCs, servers) and Sino-American tensions have encouraged Americans and Europeans to support, with subsidies, the transfer of the production of chips on their territory (39 billion US dollars promised to the United States, in 2022) to prevent a possible rupture of the supply chain with behemoths such as Taiwanese TSMC.
Intel is also the main beneficiary of the aid offered by Washington, with $8.5 billion in grants and $11 billion in federal loans promised for its facilities in Ohio and Arizona. Alas, the post-Covid-19 era has led to a collapse in PC sales – a sector where Intel’s partnership with Microsoft has come of age.
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