Intel's crazy investment in expansion vows to win back the semiconductor leader!
Recently, both Nvidia and AMD have released their latest chips, and the other chip giant is clearly starting to get anxious.。
Recently, both Nvidia and AMD have released their latest chips, and the other chip giant is clearly starting to get anxious.。
At the same time, Apple officially unveiled its self-developed M2 series of chips at the World Developers Conference (WWDC) earlier this month to get rid of its dependence on Intel.。And Apple also said that the performance of the new Mac Pro will be 3 times faster than the Intel version of the Mac Pro。
A variety of factors make the chip giant can no longer sit idly by.。On Friday, Intel said it would invest up to $4.6 billion to build a new semiconductor assembly and testing facility near Wroclaw, Poland, as part of a multibillion-dollar European investment to build chip capacity.。
In fact, last year, the U.S. chipmaker announced plans to build a large chip complex in Germany and factories in Ireland and France to seek to benefit from the European Commission's relaxation of financing rules and subsidies, as the EU hopes to reduce its dependence on U.S. and Asian supplies.。
Intel has been operating in Poland for 30 years and employs 4,000 people.。The company said it chose Poland because of its infrastructure and the talent available, noting that the plant is close to its planned plant in Germany and one in Ireland.。
The company said in a statement that the new plant in Poland plans to hire 2,000 workers first and create thousands of additional jobs during the construction phase and supplier hiring.。
At present, the design and planning of the facility will begin immediately, and construction will begin before the European Commission approves it.。The company expects the facility to come online in 2027.。
Polish Prime Minister Mateusz Morawiecki called Intel's plant "the largest greenfield investment in Polish history."。
In addition to Poland, Intel's expansion plans in another European country have also made new progress。Intel will receive nearly $11 billion in subsidies from the German government to build a chip manufacturing plant in eastern Germany.。The company delayed plans to build a plant in Magdeburg late last year due to the economic downturn, when the government gave 6.8 billion euros ($7.2 billion) in aid and has been seeking more funding support.。
As part of the negotiations, the German government is willing to provide more state subsidies to the U.S. company, but only if Intel significantly increases its overall investment in the plant, according to people familiar with the matter.。The source added that Germany is currently willing to set aside about 10 billion euros.。The talks are likely to continue through the weekend, with an official announcement expected as early as Monday.。
Intel initially estimated that the project in Germany would cost 17 billion euros, but now it is expected to cost 30 billion euros.。As with most projects that will receive government funding through the EU's Chip Act, Intel expects about 40 percent of its projects to receive subsidies, according to people familiar with the matter.。
Notably, Intel also plans to invest $100 billion to build what could be the world's largest chip manufacturing plant in Ohio.。
As you can see, Intel has begun a massive expansion this time to regain its dominance in chip manufacturing, and Intel under CEO Pat Gelsinger has been building plants everywhere to better compete with competitors AMD, Nvidia and Samsung.。
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