Intel to Spends EUR 80 Billion for Uplift EU Chip Capacity: CEO Pat Gelsinger

Intel said it could spend as much as EUR 80 billion (roughly Rs. 6,97,050 crores) over the next decade ahead as boosting the European region’s chip ability and will open up its semiconductor plant in Ireland for automakers.

Intel CEO Pat Gelsinger, speaking at Munich’s IAA auto show, also said the company would introducing the locations of 2 major new European chip fabrication plants in Irelands by the end of the Decade.

There is speculation about possible production sites, with Germany and France seen as leading contenders while Poland, where Intel also has a presence, also in the picture.

The chief operating officer said the aim was for a “total project of EUR eighty billion (roughly Rs. 6,97,100 crores) over following decade that may be a catalyst for the semiconductor industry… a catalyst for the whole technology industry.”

Also Read - Realme 8i, Realme 8s to Launch in India Soon, Company business executive Madhav Sheth Confirms

Intel, the most important maker of processor chips for PCs and data centres, in March said it planned to open up its chip factories for outsiders to use.

Gelsinger told Reuters in April that the company needed to start out manufacturing chips for automakers at intervals six to 9 months to assist alleviate a shortage that has noncontinuous vehicle production around the world.

It’s unclear if the latest announcement means Intel will achieve this goal.

"Cars are becoming computers with tires. You need us and we need you... The aim is to create a centre of innovation in Europe, for Europe,"  - Gelsinger said.

The “Intel mill Services Accelerator” is aimed toward helping automakers learn to create chips using what Intel calls its “Intel 16” chip producing technology and later move to its “Intel 3” and “Intel 18A” technologies.

Also Read – Realme MagDart magnetic wireless charger launched in India on August 3

Those manufacturing processes would be much more advanced than most of the processes presently used in the automotive industry. Intel said that almost one hundred automakers and key suppliers – as well as BMW AG, Volkswagen AG, daimler AG, and bosch – had expressed support for its programmes. an Intel representative declined to verify whether or not any had committed to turning into customers.

Gelsinger has been quoted saying Intel needs the EU to commit state aid to Intel’ planned European investment drive.

Intel views automakers as a key strategic priority. Gelsinger said tuesday that the company believes chips can make up twenty percent of the price of vehicles by 2030, a five-fold increase from four percent of the cost in 2019.

Also See- Realme GT 5G, Realme GT Master Edition Releasing in India Aug 18 Price Leaked
Jayesh Shewalehttps://raleview.com/
Journalism can never be silent: that is its greatest virtue and its greatest fault.

Related Articles

LEAVE A REPLY

Please enter your comment!
Please enter your name here

-ADVERTISEMENT-

Latest Articles