https://techmonitor.ai/silicon/intel-european-factory-pat-gelsinger

Intel today announced it was investing up to €80bn in chip manufacturing across Europe, including the construction of a new €17bn “megafab” production plant in Germany for high-end chips. Though this represents a significant boost to Europe’s semiconductor capabilities, the chips produced in the new plant may not match the needs of Europe’s businesses, which have struggled to source vital components during the global chip shortage.

Planned for Magdeburg in Germany, the new Intel European factory, dubbed a “mega fab” due to its planned scale, should be up and running by 2027, Intel CEO Pat Gelsinger said at a news conference on Tuesday afternoon.