Intel on Tuesday revealed plans for a second new “megafab,” a chipmaking site in Magdeburg, Germany, that’s the centerpiece of an expected $88 billion in investments across several European countries. The capacity expansion comes on top of other gargantuan spending commitments in the United States, including a planned megafab in Ohio, intended to bring Intel back to the forefront of chip manufacturing.
“The world has an insatiable demand for semiconductors,” Intel Chief Executive Pat Gelsinger said in a video announcing the investments. Today, 80% of chipmaking takes place in Asia, but the company’s spending in the US and Europe will mean a “more balanced and resilient” supply chain that isn’t so dependent on Asia.
Ref:https://www.cnet.com/tech/computing/intel-announces-88-billion-megafab-to-keep-chipmaking-in-europe/
