BERLIN (Reuters) – U.S. chip firm Intel has known as a news conference for Tuesday to offer updates on deliberate investments within the European Union.
In its invitation to the conference name, Intel stated that Chief Executive Pat Gelsinger would converse in regards to the firm’s present plans for investments in analysis and improvement in addition to manufacturing of semiconductor chips.
A supply advised Reuters final month that Intel had chosen the east German metropolis of Magdeburg as the location for a brand new multibillion-euro European chip manufacturing unit.
The firm stated in September it might make investments as a lot as $95 billion in Europe over the subsequent decade and announce the areas of two main new European chip fabrication vegetation by the top of 2021, however no announcement has been made.
The supply advised Reuters final month that Intel was more likely to contemplate France and Italy for new areas in Europe because it plans to construct a design centre and packaging plant.
(Reporting by Nadine Schimroszik, Writing by Maria Sheahan, Editing by Miranda Murray)
