Intel announced on March 15 that Germany would be the site of a massive chipmaking facility. It is one of the first concrete initiatives to emerge from a European investment of $88 billion.
This news comes at a time when speculations are being made about the interest of the chip maker to set up a plant in India.
However, the US chip maker this week announced plans to expand its existing production in Ireland, as well as the opening of a design and research center in France and a packaging and assembly facility in Italy.
The funding will help meet growing demand for chips used in computers, vehicles, smartphones and other electronics, as well as reduce Europe’s dependence on Asian suppliers in the long run, with an initial investment of $36 billion, That includes more than $18 billion for German. plans.
In September last year, Intel CEO Pat Gelsinger revealed his intention to invest $88 billion in Europe over the next decade to increase chip manufacturing capacity in the region.
Intel plans to develop two facilities in Magdeburg, Germany, with 7,000 construction workers, 3,000 permanent positions within the corporation, and thousands more jobs in suppliers and partners.
The company will invest another $13 billion (approximately) in the Irish facility, taking its total investment in the country to over $30 billion.
Separately, Intel is also in talks with Italy to set up a back-end manufacturing facility, which could cost up to $4.9 billion and open between 2025 and 2027.
The US chip giant also intends to build a new European research center in France, which will result in the creation of 1,000 new high-tech jobs.
Spreading its factories to multiple countries can help a corporation get more subsidies from other countries. But European Industry Commissioner Thierry Breton said Intel would have to negotiate with each European country to help state where it locates factories.
As reported, he also said that the commission was in talks with additional chip makers and that similar announcements would be made in the coming months, though he did not elaborate.
Intel’s plans for India
According to reports from last year, Intel expressed interest in setting up a new plant in India and is expected to apply for incentives under a new scheme to boost manufacturing to develop a sustainable semiconductor and display ecosystem. was done.
However, the perception about Intel’s alleged interest started spreading like wildfire after a tweet by Minister of Electronics and Information Technology (MeitY) Ashwini Vaishnav.
The Union Minister tweeted “Intel – Welcome to India” in response to a tweet by Randhir Thakur, a senior vice president and president of Intel Foundry Services.
Thakur thanked Rajiv Chandrashekhar, Minister of State for MeitY, Vaishnav and MeitY on the new scheme, which envisions setting up of new units for local manufacturing of high-end semiconductor fabs and fabless chips, among other modern hardware, in a tweet.
But so far neither the government nor the company has given any clarification or official statement.
In February, however, another report claimed that Tower Semiconductor, a chipmaker based in Israel that was recently acquired by Intel for $5.4 billion, was in talks with the Center about setting up a manufacturing plant. Used to be.
However, with regard to chip manufacturing in India, Vaishnav had earlier said that the government expects investments of around Rs 1.7 trillion and 135,000 jobs to be created under the PLI scheme for semiconductors in the next four years.
It is worth noting that the objective of this initiative is to provide attractive incentive support to companies/consortium involved in Silicon Semiconductor Fabs, Display Fabs, Compound Semiconductors/Silicon Photonics/Sensor (including MEMS) Fabs, Semiconductor Packaging (ATMP/OSAT) and Semiconductor Design. To do.
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