US-based semiconductor behemoth, Intel, has announced a colossal investment strategy aimed at re-establishing its 'silicon empire'. Over the past few days, Intel's disclosed investment plans in Europe have surged to $69bn.
Leading news outlets such as Bloomberg and Reuters reported on June 19 that Intel is set to construct semiconductor facilities in Germany, Israel, and Poland.
In a concerted bid to anchor its European operations, Intel is slated to invest €30bn in constructing two semiconductor fabrication plants in Magdeburg, Saxony-Anhalt, Germany. Ground-breaking is anticipated in H2 2023, with semiconductor production potentially operational by 2027. The. . .
