July 23, 2024 – In a recent development, the technology giant Intel has reportedly shelved its chip investment plans in France and Italy, as revealed in an official statement obtained by POLITICO on the 4th of this month. This announcement aligns with the sentiments expressed by Italian Industry Minister Adolfo Urso back in March.
According to Intel’s European investment roadmap unveiled in 2022, the company had outlined plans to establish an HPC (High-Performance Computing) and AI (Artificial Intelligence) research and design center in France, which was projected to create 1000 new jobs. Additionally, Intel had ambitious intentions to construct a world-leading advanced packaging facility in Italy.
However, in a statement shared with international media outlets, Intel cited significant shifts in economic and market conditions since 2022 as the reason behind the suspension of its investment in France. The company emphasized that while the scope of the R&D center project is under review, France remains a viable option for future research and development endeavors by Intel.
When queried about the status of the advanced packaging plant in Italy, Intel responded by stating that it is currently “focused on its active manufacturing projects in Ireland, Germany, and Poland.” These projects include the expansion of an existing wafer fabrication facility in Ireland, the construction of advanced foundry capabilities in Germany, and the establishment of advanced assembly and test facilities in Poland, which are designed to complement the German production capacity.
It is noteworthy that Intel’s investment plans in Italy were intricately linked to its acquisition attempt of Tower Semiconductor, a high-tower semiconductor company. Unfortunately, this deal ultimately fell through due to antitrust regulatory hurdles.
Moreover, reports suggest that Intel’s wafer fab in Magdeburg, Germany, has encountered numerous obstacles, with production now slated to commence “no earlier than late 2028.” This delay underscores the challenges faced by the semiconductor industry amidst a turbulent global landscape.
As Intel navigates these uncertain times, the company remains committed to advancing its technology roadmap and securing a strong foothold in the European market.
