Intel continues its plan to tackle the chip crisis and has chosen the stage of the IAA Mobility of Munich – we followed it these days – to announce major new investments in Europe . S & igrave ;, also the European auto show & egrave; the right place to explain how the chipmaker intender & agrave; address a wide-ranging problem that affects not only the consumer electronics sector, but also the automotive sector.
CEO Pat Gelsinger confirmed the plan aimed at creation of two new chip manufacturing plants located in Europe – the exact area will be announced by the end of the year and Intel did not corroborate previous rumors citing Bavaria. Initial allocations could be further expanded to reach € 80 billion within a decade . The ultimate goal is naturally try to cope with the demand for semiconductors intended for use in computers, cars and more; in general in technological devices. Gelsinger pointed out:
This new era with sustained demand for semiconductors requires thinking big and boldly.
A change of mind & agrave; and approach compared to the last few years characterized by a gradual reduction in investments for the production of semiconductors in the United States and in the Old Continent, which has at the same time increased dependence on Asian partners. After all, Intel had anticipated it in the spring and the investments announced yesterday only strengthen the most; extensive project to rethink the organization of its production facilities.
IAA Mobility 2021: all novels? about cars, technology and more | Live Blog 33
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As far as more is concerned; closely the automotive sector, Intel recalled the activities & agrave; already in place in Ireland with an establishment that will dedicate itself & agrave; exclusively to the production of automotive chips. Important efforts but justified by the stakes that remain high in the car market: Gelsinger reported an estimate on the expansion of the car chip market that could reach 115 billion dollars in the next ten years.
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