Intel CEO teases plans for $94 billion chip plant in Europe

Intel wants to build the most advanced chip fab anywhere in the world, in Europe -- at a cost of $94 billion, ready for the future.

1 minute & 40 seconds read time

Intel has been struggling of late, but the right seeds are being planted right now -- ready for an improved battle in the years to come in all areas: especially semiconductor manufacturing.

Intel CEO teases plans for $94 billion chip plant in Europe 03

Freshly-minted Intel CEO Pat Gelsinger has teased a gigantic $94 billion investment in semiconductor manufacturing in Europe, a plan that would span for up to the next 10 years. This discussion was reiterated again, this time during the IAA Mobility Auto Show in Munich, Germany.

Gelsinger says this gigantic expansion project with $94 billion behind it would be "the most advanced chip fab anywhere in the world". It will be using ASML Holdings' EUV (Extreme Ultraviolet Lithography) tools for future cutting-edge components. This step would have Intel on the same footing as TSMC (Taiwan Semiconductor Manufacturing Company) and Samsung -- both of which are making advanced chips, and Intel wants to dominate in this area again.

Gelsinger added that Intel is going to be working with automotive companies, where they will be updating their development and production resources -- another area Intel is wanting to get into: the automotive market.

You can read more about this story here.

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Anthony joined the TweakTown team in 2010 and has since reviewed 100s of graphics cards. Anthony is a long time PC enthusiast with a passion of hate for games built around consoles. FPS gaming since the pre-Quake days, where you were insulted if you used a mouse to aim, he has been addicted to gaming and hardware ever since. Working in IT retail for 10 years gave him great experience with custom-built PCs. His addiction to GPU tech is unwavering and has recently taken a keen interest in artificial intelligence (AI) hardware.

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