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Intel wants to invest up to 100 billion in chip production

Intel wants to invest up to 100 billion in chip production

In the midst of the chip crisis, Intel wants to expand its production capacities by building a huge factory in the US state of Ohio. The largest US chip group announced on Friday that up to $100 billion (€88 billion is good) will be invested. The announcement is part of Intel CEO Pat Gelsinger’s efforts to regain former dominance and reduce US dependence on Asian manufacturers such as TSMC and Samsung.

Intel also plans to set up new plants in Europe, but is still conservative about potential locations. Gelsinger said he hopes to announce this in the coming months. Germany has great chances of getting a contract. Dresden and Penzing in Bavaria and Magdeburg have been repeatedly mentioned as potential locations.

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