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Intel to invest $95bn in Europe over 10 years, says CEO

September 8, 2021

The aim, said Gelsinger, was a “total project of 80 billion euros ($94.77 billion) over the next decade that would be a catalyst for the semiconductor industry, a catalyst for the entire technology industry.”

“Cars are becoming computers with tires. You need us and we need you. The aim is to create a centre of innovation in Europe, for Europe,” said Gelsinger.

Intel is offering car companies the “Intel Foundry Services Accelerator” to help them design ICs for Intel’s 16 process 3 process and 18A process.

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