https://apnews.com/aa454490c62a2942276acb5f4cbcfc08

LONDON (AP) — U.S. chipmaker unveiled plans on Tuesday to invest up to 80 billion euros ($88 billion) across Europe as part of an ambitious expansion aimed at evening out imbalances in the global semiconductor supply chain.

CEO Pat Gelsinger said Intel was investing the money "along the entire semiconductor value chain" as part of a holistic global strategy. Intel said it's bringing its most advanced technology to Europe to address the need for a "more balanced and resilient" semiconductor supply chain.