Intel plans to build two new chip factories in Europe, but deliberately does not choose the UK because of Brexit. This is what CEO Pat Gelsinger of the American company says in an interview with the BBC.
Last month, Intel announced it plans to invest around € 80 billion in at least two new chip factories in Europe. If the British had not chosen to leave the EU, building in the UK would have been an option.
Through Brexit, the company looks at countries in the EU and hopes to receive subsidies from Brussels. Intel has received 70 offers from ten EU countries to build a factory there. Gelsinger does not tell which countries are involved.
The EU is keen to build its own chip industry. At present, there is a major shortage of semiconductors, which makes Europe largely dependent on Asia and the United States. Brussels wants that to change. Intel is supposed to be talking to the EU about billions of euros in subsidies.