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.
In Ohio, Intel initially wants to invest $20 billion and thus create 3,000 permanent jobs, which could be increased to $100 billion and a total of eight plants, he said, adding, “This will be the largest semiconductor production facility on the planet.” Gelsinger set himself a goal. Get more involved in contract manufacturing. However, recent announcements about the establishment of new plants will not change the current shortage of chips, which is forcing manufacturers of cars and electronics groups in particular to reduce their production. Gelsinger expects bottlenecks here until next year.
Sylvia Plath writes for Social Post News, covering news, politics, business, technology, sport, entertainment, and lifestyle. She focuses on clear, reliable reporting and useful information, helping readers stay informed about current events, emerging trends, and stories that matter.
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