Intel’s Salvation Lies in Europe—but Not With Fabs – The Wall Street Journal

Intel Corp. may be planning on pouring billions into Europe, but the chip-making giant’s investment in the Continent is unlikely to end there.

Intel on Tuesday announced plans to spend as much as $95 billion over the next decade to boost its chip-making capacity in Europe. The company already has a large fabrication facility in Ireland and said it is planning to build two more chip factories at a new, undisclosed site in Europe. A portion of the Ireland facility will be dedicated to making automotive chips—a sector still experiencing acute production shortages.

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