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Intel Charts Out €80bn Investment Blitz Across Europe in Bid to Reshape its ‘Silicon Empire

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. . .

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