Europe waits its turn as Intel commits to new U.S. chip factories

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Reuters UK

By Nadine Schimroszik and Supantha Mukherjee BERLIN/STOCKHOLM (Reuters) – Intel’s announcement that it will invest more than $20 billion in two new semiconductor plants in the United States is in sharp contrast to its silence on European plans originally flagged last year. The company said in September that it could invest as much as $95 billion in Europe over the next decade and announce the locations of two major new European chip fabrication plants by the end of 2021. But no announcement has been made, while Intel on Friday laid out plans to build a massive new manufacturing site near Colum…

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