Intel’s Big Chip-Making Push in Germany Hits Bottleneck
1 year, 2 months ago

Intel’s Big Chip-Making Push in Germany Hits Bottleneck

Live Mint  

MAGDEBURG, Germany—Intel says it needs 3,000 people to staff the semiconductor factory it plans to build in eastern Germany by the end of the decade. The German government trumpeted Intel’s planned development as a game changer, backed by federal subsidies totaling 10 billion euros—equivalent to $10.59 billion—that would help the economy pivot toward new industry. Intel and local officials said there was no suitable local alternative in Magdeburg, a city of 240,000 people that lost a large part of its industrial base after German reunification in the 1990s. Associations representing Germany’s midsize businesses complained about so much money going to U.S.-based Intel, as did rival chip maker GlobalFoundries. Write to Jimmy Vielkind at [email protected] View Full Image Intel’s Big Chip-Making Push in Germany Hits Bottleneck

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History of this topic

EU approves Germany's 5-bln-euro subsidy for semiconductor plant
4 months ago

EU approves Germany's 5-bln-euro subsidy for semiconductor plant

China Daily  

The file photo shows the logo of German semiconductor manufacturer Infineon Technologies AG at the company's plant in Dresden, Germany on May 2, 2023. BRUSSELS -- The European Union has approved a 5-billion-euro state subsidy from Germany to support the construction and operation of a new microchip manufacturing plant, the European Commission announced on Tuesday. According to the European Commission, …

Intel plans to cut thousands of jobs to finance recovery: Report
4 months, 3 weeks ago

Intel plans to cut thousands of jobs to finance recovery: Report

The Hindu  

Intel plans to cut thousands of jobs to finance a recovery and cope with eroding market share, Bloomberg News reported on Tuesday, citing people familiar with the matter. CEO Pat Gelsinger has initiated a turnaround to regain the company's competitive edge, focusing on revitalizing its manufacturing capabilities, investing in advanced chip technologies, and expanding into new markets. In October 2022, …

Intel to delay construction on its $25 billion chip-manufacturing plant in Israel
6 months, 1 week ago

Intel to delay construction on its $25 billion chip-manufacturing plant in Israel

Firstpost  

Intel is currently expanding its operations across the world, albeit in a strategic manner and is therefore assessing which facilities need to be prioritised Intel has been reassessing its investment plans for expanding its production facilities. Image Credit: Reuters Intel has decided to push the construction of its highly anticipated $25 billion chip-manufacturing plant in Israel. Intel is currently expanding …

Intel to make world's largest AI chip factory in the US, spend over $100 billion across four states
9 months ago

Intel to make world's largest AI chip factory in the US, spend over $100 billion across four states

Firstpost  

Intel CEO Pat Gelsinger wants to build the largest AI chip manufacturing site in the world near Columbus, Ohio. The AI chip factory will be the centrepiece of Intel’s ambitious five-year spending plan to expand in the US Intel wants to build the world's largest AI chip making factory in Ohio, and plans to have it operational by 2027. Image …

Intel hails 'landmark' as high-volume extreme ultraviolet production begins at Irish plant
1 year, 2 months ago

Intel hails 'landmark' as high-volume extreme ultraviolet production begins at Irish plant

The Hindu  

Chipmaker Intel said on Friday it had begun high-volume production using extreme ultraviolet lithography machines at its $18.5 billion plant in Ireland, calling it a "landmark" moment as it seeks to regain ground on its rivals. Intel's general manager of technology development Ann Kelleher told Reuters it was on track to meet this target, with two manufacturing processes now complete, …

Intel to build $33-billion chip plant in Germany after government pledges to cover a third of the cost
1 year, 6 months ago

Intel to build $33-billion chip plant in Germany after government pledges to cover a third of the cost

LA Times  

German Chancellor Olaf Scholz, right, and Intel CEO Pat Gelsinger in Berlin at a signing ceremony for a new chip plant. Intel and the German government signed a deal Monday that will see the U.S. company spend more than $32.8 billion to build a chip manufacturing plant in the eastern city of Magdeburg, after Germany pledged to cover a third …

Biden to attend groundbreaking of Intel’s $20B Ohio plants
2 years, 3 months ago

Biden to attend groundbreaking of Intel’s $20B Ohio plants

Associated Press  

COLUMBUS, Ohio — Intel Corp. will break ground Sept. 9 on its planned $20 billion Ohio semiconductor facilities with President Joe Biden in attendance, the company and the the White House said Thursday. Total investment could top $100 billion over the decade with six additional fabs, Intel CEO Patrick Gelsinger has said. Biden will speak on “rebuilding American manufacturing” through …

Wanted: 7,000 construction workers for Intel chip plants
2 years, 4 months ago

Wanted: 7,000 construction workers for Intel chip plants

Associated Press  

JOHNSTOWN, Ohio — Ohio’s largest-ever economic development project comes with a big employment challenge: how to find 7,000 construction workers in an already booming building environment when there’s also a national shortage of people working in the trades. “It will not be without its challenges, but we are confident there is enough demand that these jobs will be filled.” Labor …

Bosch to invest 3 billion euros in chip production
2 years, 5 months ago

Bosch to invest 3 billion euros in chip production

The Hindu  

The investment, for which Bosch will seek European Union funding under the Important Projects of Common European Interests framework, should boost Europe's production capacity for chips in a global market still dominated by the U.S. and Asian players. Bosch last year opened a 1 billion euro chip factory in Dresden, a record investment as it sought to stake its claim …

Bargaining Chips: Intel to Set Up Semiconductor Plant in Germany, But What about India?
2 years, 9 months ago

Bargaining Chips: Intel to Set Up Semiconductor Plant in Germany, But What about India?

News 18  

Intel announced on March 15 that Germany will be the site of a massive chipmaking facility. In September last year, Intel CEO Pat Gelsinger revealed intentions to invest $88 billion in Europe over the next decade in order to enhance chip manufacturing capacity in the region. Intel’s Plans For India According to reports from last year, Intel expressed interest in …

Germany wins big as Intel spreads chip investment across six EU countries
2 years, 9 months ago

Germany wins big as Intel spreads chip investment across six EU countries

The Hindu  

Intel has picked Germany as the site for a huge new chipmaking complex, giving the first details of a $88 billion investment drive across Europe, which is striving to cut its reliance on imports and ease a supply crunch for manufacturers. Intel's announcement comes after the European Commission last month set out plans to encourage chip manufacturing in the European …

Intel unveils $88B chipmaking expansion plan for Europe
2 years, 9 months ago

Intel unveils $88B chipmaking expansion plan for Europe

Associated Press  

LONDON — U.S. chipmaker Intel unveiled plans on Tuesday to invest up to 80 billion euros across Europe as part of an ambitious expansion aimed at evening out imbalances in the global semiconductor industry that have led to big chip shortages. CEO Pat Gelsinger said Intel was investing the money over the next decade “along the entire semiconductor value chain.” …

Ohio lured Intel’s chip plant with $2B incentive package
2 years, 10 months ago

Ohio lured Intel’s chip plant with $2B incentive package

Associated Press  

COLUMBUS, Ohio — Ohio offered Intel Corp. incentives worth roughly $2 billion to secure a new $20 billion chipmaking factory that the company says will help alleviate a global shortage and create a new technology hub in the Midwest. Santa Clara, California-based Intel, the world’s second biggest chipmaker, announced a week ago it had selected a site outside Columbus for …

Intel to build $20B Ohio chip facility amid global shortage
2 years, 11 months ago

Intel to build $20B Ohio chip facility amid global shortage

Associated Press  

COLUMBUS, Ohio — Chipmaker Intel said Friday it will invest $20 billion to build a new factory in Ohio, an attempt to help alleviate a global shortage of chips powering everything from phones to cars to home appliances while also signaling the giant company’s commitment to manufacturing crucial technology products in the U.S. You can think about this as a …

Intel plans $20 bln chip manufacturing site in Ohio
2 years, 11 months ago

Intel plans $20 bln chip manufacturing site in Ohio

The Hindu  

Intel Corp will invest $20 billion in two new plants in Ohio to make advanced chips, the company said on Friday, the first step to a "mega-site" that can accommodate eight chip factories costing $100 billion. Chief Executive Pat Gelsinger is driving Intel plans to expand, especially in Europe and the United States, as it seeks to heat up competition …

Intel will build Ohio computer chip factories amid global shortage
2 years, 11 months ago

Intel will build Ohio computer chip factories amid global shortage

LA Times  

Intel will spend $20 billion on a new semiconductor manufacturing facility in Ohio. Intel will invest $20 billion in a new computer chip facility in Ohio amid a global shortage of microprocessors used in a wide variety of products, including phones, cars and video games. “Intel’s work is essential to our efforts to rebuild America’s chip building capacity and create …

Intel is building a $20 billion computer chip facility in Ohio amid a global shortage
2 years, 11 months ago

Intel is building a $20 billion computer chip facility in Ohio amid a global shortage

NPR  

Intel is building a $20 billion computer chip facility in Ohio amid a global shortage Enlarge this image toggle caption Richard Drew/AP Richard Drew/AP COLUMBUS, Ohio — Intel will invest $20 billion in a new computer chip facility in Ohio amid a global shortage of microprocessors used in everything from phones and cars to video games. "Intel's work is essential …

Bosch to invest more than 400 mln eur in chip production
3 years, 1 month ago

Bosch to invest more than 400 mln eur in chip production

The Hindu  

German technology group Robert Bosch has earmarked more than 400 million euros for investments in microchip production in Germany and Malaysia next year to ease a global shortage. The largest part of Bosch's budget will be spent on a faster expansion of its Dresden, Germany factory for 300-millimeter wafers, which the group inaugurated in June, it said in a statement …

Intel to invest up to 80 bln euros in boosting EU chip capacity-CEO
3 years, 3 months ago

Intel to invest up to 80 bln euros in boosting EU chip capacity-CEO

The Hindu  

Intel Corp on Tuesday said it could invest as much as 80 billion euros in Europe over the next decade to boost the region's chip capacity 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 announce the locations of two major new European …

Intel reiterates chip supply shortages could last several years
3 years, 6 months ago

Intel reiterates chip supply shortages could last several years

The Hindu  

Intel Corp's CEO said on Monday it could take several years for a global shortage of semiconductors to be resolved, a problem that has shuttered some auto production lines and is also being felt in other areas,including consumer electronics. "But while the industry has taken steps to address near term constraints it could still take a couple of years for …

Intel in talks to produce chips for automakers within six to nine months
3 years, 8 months ago

Intel in talks to produce chips for automakers within six to nine months

The Hindu  

The chief executive of Intel Corp told Reuters on Monday the company is in talks to start producing chips for car makers to alleviate a shortage that has idled automotive factories. Chief Executive Officer Pat Gelsinger said the company is talking to companies that design chips for automakers about manufacturing those chips inside Intel's factory network, with the goal of …

Intel offers up factories to ease chip shortage
3 years, 8 months ago

Intel offers up factories to ease chip shortage

The Telegraph  

Intel is in talks with car makers to quickly produce bulk orders of computer chips within the next nine months in an attempt to remedy a shortage that has ground production to a halt. Pat Gelsinger, Intel's chief executive, told officials and business executives at a White House briefing on Monday that his company's new third-party manufacturing division could help …

Intel has few good options as investor demands break-up
3 years, 11 months ago

Intel has few good options as investor demands break-up

The Hindu  

Activist investor Daniel Loeb wants Intel Corp to consider splitting its huge chip manufacturing operations from its chip design and development business, but analysts say doing so could weaken both businesses unless the firm can form a joint venture. In the interim, it would likely remain dependent on Intel's design operations for business - at precisely the time when Intel …

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