Intel has pledged €17 billion ($18.7 billion) to build a state-of-the-art semiconductor production site in Germany, marking the start of Europe’s ambitious bid to lure global chip makers back into the region. The Santa Clara, California-based company has committed to spending 33 billion euros in a number of European countries, as part of a plan to allocate 80 billion euros to the region over the next decade. France will become home to a new center for chip research, and the company will expand its current production site in Ireland. Intel also announced that it is negotiating with Italy to open a new packaging site. This announcement is part of CEO Pat Gelsinger’s attempt to reverse losses by developing the latest technology. The plant in Magdeburg, Germany, will attempt to produce chips smaller than 2 nanometers, something the company has yet to achieve. The CEO’s focus on Europe comes at a […]