Intel is planning to announce details on Tuesday of its investment plans for semiconductor research and manufacturing in Europe.
The U.S. chipmaker, as part of its IDM 2.0 strategy, unveiled plans last September to invest as much as $95 billion in Europe over the next decade.
Intel CEO Patrick Gelsinger told Reuters in January that the chipset company would announce the chosen manufacturing sites in the coming months.
The European Commission in February proposed legislation to help set up semiconductor factories by offering by subsidies for local development, benefiting companies such as Intel.
Intel currently produces semiconductors in Europe at a plant in Ireland. Its new factories will produce more advanced chips. The main factory will be in Germany, and Intel might open allied units in Italy and France, Reuters news reported.
The small city of Magdeburg would likely be the location for the German factory, Reuters had reported earlier.
Italy also plans to attract chipmakers by setting aside more than 4 billion euros ($4.39 billion) until 2030 to boost domestic chip manufacturing.
Intel in January announced plans to invest up to $100 billion to build potentially the world’s largest chip-making complex, in the U.S. state of Ohio.
