About 23 trillion won to build a semiconductor factory in Magdeburg, Germany All-round investment in France, Italy, Poland, Spain and Ireland Intel logo. [Reuters = Yonhap News] US semiconductor company Intel announced that it will invest 80 billion euros (about 110 trillion won) in Europe for semiconductor production and R&D over the next 10 years. According to the detailed European semiconductor investment plan announced by Intel on the 15th (local time), Intel will invest 17 billion euros (about 23 trillion won) in Magdeburg, Germany to build a semiconductor factory. In addition, it plans to build a research and development (R&D) center in France and a packaging and assembly facility in Italy. In addition, it will expand experimental facilities in Poland and establish a joint center with the Barcelona Supercomputing Center in Spain. The existing semiconductor production facility in Ireland will be expanded at a cost of 12 billion euros (about 16.4 trillion won). Intel will start building the plant in the first half of 2023 and start production in 2027. Intel CEO Pat Gelsinger. [Reuters = Yonhap News] Intel CEO Pat Gelsinger said at a press conference on the same day, “Intels investments will be made across the EU, from Spain to Poland, because we need a more harmonious and resilient supply chain globally.” Such cooperation between Intel and Europe is interpreted as a result of the alignment of interests between Intel, which seeks to expand its supply chain to catch up with competitors such as TSMC and Samsung Electronics, and Europe, which seeks to reduce its dependence on semiconductors in Asia. In particular, the European Union (EU) enacted the EU Semiconductor Chip Act last month to respond to the global semiconductor supply shortage and reduce dependence on the US and Asia, and to invest 43 billion euros (about 59 trillion won) in the semiconductor sector from the public and private sectors. decided with The EU aims to increase semiconductor production in Europe to 20% of global production by 2030. Currently, the share of semiconductor production in EU member states in the global market is about 9%. In the market, it is analyzed that the EU is speeding up the transition to autonomous driving electric vehicles, and Intel intends to preoccupy the automotive semiconductor supply chain by investing in the European semiconductor market in preparation for this.