According to Reuters, Intel chief Pat Gelsinger also said today that the company continues to develop its chip production capacities in Europe. He hoped that Intel would announce where it would build new European plants in the coming months.
The company said in September that it could invest up to $ 95 billion in Europe over the next decade. She added that by the end of 2021 she would announce where she would place two new large European chip factories. However, it has not yet made that announcement.
According to Gelsinger, the announcement is likely to come after the European Union approves the announced plan to support chip production. The European Commission announced last year that it plans to create a new chip-making ecosystem. It wants to ensure the EU’s competitiveness and self-sufficiency by supporting the construction of large European chip factories. According to the commission, the global shortage of semiconductors has shown how dangerous it is to rely on supplies from Asia and the USA.
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Intel’s investment in new plants in Ohio aims to restore the company’s dominant position in chip manufacturing and reduce America’s dependence on imports of these components from Asia. US President Joe Biden called Intel’s move a “historic investment.” “This investment is a big win for Intel, for the US manufacturing sector and for US consumers who can look forward to lower prices,” said US Secretary of Commerce Gina Raimond.
Initially, Intel plans to create about 3,000 new jobs. At the site of the two new factories, there could eventually be up to eight chip plants. The total investment could rise to as much as $ 100 billion over the next decade. The site would thus become one of the largest semiconductor plants in the world.
Planning for new factories will begin immediately, construction should begin later this year. Production is then scheduled to begin in 2025. Ohio will be home to the company’s first new manufacturing plant in 40 years.
Gelsinger said last fall that Intel is planning another campus in the United States, which should house eight chip factories. He told the Washington Post that the complex could cost $ 100 billion and employ up to 10,000 people over the next ten years.
Chip makers are trying to increase production. Companies around the world, from car manufacturers to consumer electronics manufacturers, are facing a shortage of these parts. Intel is also trying to regain its position as the main manufacturer of the smallest and fastest chips from its current leader, the Taiwanese company TSMC. According to Gartner, Intel also lost its position as the world’s largest semiconductor retailer last year, surpassed by South Korea’s Samsung Electronics. Intel’s sales rose just 0.5 percent last year, the slowest in 25 years.
However, Intel’s plans to build new factories will not alleviate the current shortage of supply, as the construction of such complexes takes years. Gelsinger has previously estimated that the shortage of chips may last until 2023.
In September, Intel began construction on two factories in Arizona. The $ 20 billion plant will increase the total number of factories on the site to six.
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