Intel's announcement comes after the European Commission last month set out plans to encourage chip manufacturing in the European Union, with proposed new legislation to ease state aid rules for chip factories and enable $17 billion in additional public and private investment.Chipmakers are looking to build more factories to make advanced chips for use in premium smartphones like Apple's latest iPhones that use chips with 5-nanometer technology. A nanometer is just several atoms wide.
Visitors are seen at the Intel booth during the China Digital Entertainment Expo and Conference, also known as ChinaJoy, in Shanghai, China July 30, 2021. Picture taken July 30, 2021. REUTERS/Aly Song The company will invest an additional 12 billion euros in an existing Irish facility which will take its total investment in Ireland to more than 30 billion euros.
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Source: Reuters - 🏆 2. / 97 Read more »
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Source: cnni - 🏆 326. / 59 Read more »
Intel spreads chip investment across six EU countries in race to boost suppliesIntel has picked Germany as the site for a huge new chipmaking complex, giving the first details of a $88 billion investment drive across Europe, which is striving to cut its reliance on imports and ease a supply crunch for manufacturers. Imagine us attracting an industry to Canada? A pipe dream at this point. Will install in Germany because 90% of neon comes from Ukraine and more than 40% of paladium comes from Russia without these 2 it will not be viable to make semiconductors and Germany is in a strategic position to buy from Russia and Ukraine. We have to move as much manufacturing to countries that share our values. We have to do better at becoming self reliant. For me if it’s made in Canada US or Europe Australia it’s for me. We cannot afford to be held ransom.
Source: Reuters - 🏆 2. / 97 Read more »