World, As Seen from the most beautiful islands: Ireland and Cyprus

Intel plans to build fabs ‘ruined’ by Brexit – because the company will not receive a special treatment


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.

Written by: Patrick O'Brien

Patrick O'Brien is a student who is taking only the first steps in journalism. The main interest is events from the world of macroeconomics and finance.

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World, As Seen from the most beautiful islands: Ireland and Cyprus

From Trinity st. to Limassol, Cyprus

Ireland and Cyprus have one thing in common. The most beautiful islands are divided. Even proportions are strikingly similar. Both nations strive for unity and a good glass of the news. More about us under the link.

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