Is Intel's €12bn investment just a consolation prize?

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Is Intel's €12bn investment just a consolation prize as US chip giant turns to Europe for future expansion?

, the company’s chief executive since last year, says both the US and the EU have lost out on chip production in recent decades because of heavy subsidisation of the industry by Asian countries., he said, adding that the recently framed EU Chip Act and the US Chips Act, which, between them, propose incentives of up to €90 billion, “ are designed to essentially level that playing field”.

He aims to raise those figures to 30 and 20 per cent over the next decade at a time when an ever wider array of products requires such chips. All very commendable but the fact remains that the investment announced for Ireland is to finish out a project commissioned before the Intel boss took over his role, not as a key player in his ambitious expansion plan.over the coming decades or not. But when it comes to chip technology, when you’re standing still, you’re going backwards.

 

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Nope, it's just to make sure they can move their profits through the Irish tax system 😉

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