Intel plans EU foundries in drive to end chip shortage

Intel plans EU foundries in drive to end chip shortage — — -Brussels (Brussels Morning) Intel CEO Pat Gelsinger stated on Monday that the company Intel is planning to open foundries in both the US and the EU, as part of its long-term goal to provide a stable global supply of semiconductor chips.

In March, US-based Intel unveiled plans to expand capacity in the US with a 20 billion dollar investment in two new chip manufacturing plants to be built in Arizona. It noted that it would open its plants to outside customers.