US chipmaker Intel has said investment in its planned new European $20bn semiconductor factory could be spread across several EU member states, as it lobbies to win the bloc’s financial and political support for the project.
Pat Gelsinger, the group’s chief executive, recently met French president Emmanuel Macron and Italian prime minister Mario Draghi to discuss the global chip shortage that has hit industries in Europe and beyond.
His visit followed signals from the EU that substantial sums could be made available to help the bloc meet a new target to double semiconductor production to 20 per cent of the global market by 2030, including making the most advanced chips.
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