Europe kept waiting as Intel commits to new U.S. chip factories

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Intel still intends to develop the European chip manufacturing capacity with two new U.S. semiconductor plants.

The company said in September it could invest as much as $95 billion in Europe over the next decade.

Intel CEO Patrick Gelsinger says the company would announce the chosen manufacturing sites in the coming months.

The European Chips Act aims to reduce the continent’s dependence on Asian suppliers for advanced semiconductors by subsidising the local development of large chip factories.

– Reuters

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