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Intel Corp. is investing heavily in efforts to expand and reset global semiconductor supply chains, The Wall Street Journal reported. The technology giant, which already has a fabrication site in Ireland, plans to spend $95 billion to build factories at an undisclosed site in Europe and will court auto makers among its customers.
The company is responding to an international race to add manufacturing capacity during a global chip-supply crunch, and that the investment could expand still further. The factories would cater to meteoric demand for semiconductors as computers, cars and electronics become more dependent on chips.
The expansion in Europe is part of Intel’s push to become a major contract chip maker, an effort that includes plans for a plant in Arizona. Asian manufacturers have their own aggressive expansion plans that include tens of billions of dollars over the next three years.
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