Intel Announces $88 Billion Megafab to Keep Chipmaking in Europe (cnet.com) 16
Intel on Tuesday revealed plans for a second new "megafab," a chipmaking site in Magdeburg, Germany, that's the centerpiece of an expected $88 billion in investments across several European countries. The capacity expansion comes on top of other gargantuan spending commitments in the United States, including a planned megafab in Ohio, intended to bring Intel back to the forefront of chip manufacturing. From a report: "The world has an insatiable demand for semiconductors," Intel Chief Executive Pat Gelsinger said in a video announcing the investments. Today, 80% of chipmaking takes place in Asia, but the company's spending in the US and Europe will mean a "more balanced and resilient" supply chain that isn't so dependent on Asia. Intel will start with new chip fabrication facilities, called fabs, at the Magdeburg site costing about $19 billion, with construction set to begin in 2023 and manufacturing in 2027, Gelsinger said. That'll let Intel build its own chips with leading edge technology, both for Intel itself and through a major expansion of its business called Intel Foundry Services, build chips for other customers as well.
When this megafab hits 88 billion bucks (Score:2)
Duh (Score:2)
When this megafab hits 88 billion bucks you're gonna see some serious shit.
Well of course. They are going to be making Intel chips after all. >;)
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balanced and resilient (Score:1)
Giving all the business to Intel, that's balanced and resilient.
Obviously Intel doesn't need taxpayer money (Score:2)
If Intel can come up $88 billion (an odd number considering this is in Germany) for this mega fab plant, and another few billion here in the U.S. for its Ohio plant, it doesn't need any taxpayer money. Congress doesn't need to enact any legislation siphoning off taxpayer money for private corporations to build fab plants in the U.S.
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If the West really does want to bring back manufacturing, and wants to at least partially protect itself from potential crises that could damage our own technical and manufacturing capacity, then one way or the other we all are going to have to pump money into the entire system, and that includes into private corporations. Bringing more fabrication capacity into the West isn't just going to happen through the magic of the invisible hand of the market, it's going to take significant investment. Private corpo
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If the West really does want to bring back manufacturing
per slashdot, this is impossible.
;)
luckily, it's per slashdot
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If Intel can come up $88 billion (an odd number considering this is in Germany)
No, it's an even number. Seriously though, it's probably just a conversion for the figure 80B Euro.
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And yes, this is as ridiculous as the laws in Russia threatening jail time for use of the word "war" on contemporary events.
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Oh, I see. Thanks for explaining the joke. They'd still be calling it 80B Euro and not 88B Dollars though :)
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If Intel can come up $88 billion (an odd number considering this is in Germany)
It's because it's converted from metric.
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Other countries (Taiwan and S. Korea and China for example) subsidize the daylights out of the fab plants there, so if we want some in the USA we have to do it too.
Intel CEO Pat Gelsinger is a good manager. (Score:2)
(But Intel didn't get a good photo of him.)
Wow! Intel is investing in new facilities in 6 European countries, Germany, France, Ireland, Poland, Italy, and Spain.
Intel will invest $20 billion to build two new factories in Ohio [intel.com].
Intel Foundry Services will build chips for other companies.
According to Intel it is â33 Billion, the res (Score:2)
Hostilities with China (Score:2)
I’ll believe it when (Score:2)