After Brexit, Intel Will Not Consider Building A Semiconductor Facility In The United Kingdom

Latest Updated on 01 February 2023

According to Intel, the UK is no longer being examined as the location for a large new chip factory as part of its $95 billion Worldwide Development Plans.

Currently, only member nations of the European Union are being evaluated to host a new European Facility according to Pat Gelsinger the chief executive of the largest semiconductor manufacturer in the world.

In order to boost its output through new entrant semiconductor operations Intel Plans to invest £70 billion in infrastructure over the next ten years. According to the Business rival chip makers are still expanding in places like South Korea and Taiwan while the US and Europe are still overly dependent on Asia for their chips.

I don't know if a UK site would have been better for us, Mr. Gelsinger told BBC News. We currently have about 10 different nations' 70 offers for locations spread over Europe. Before the end of the year, we're expecting to get an agreement on a site and secure EU support.

According to the head of Intel, if governments in the US and Europe lean too much on Asia for Manufacturing Techniques it could endanger their national security. Nobody should be overly dependent on anyone else, Mr. Gelsinger said, adding that this is clearly part of the motivation of a globally balanced supply chain.

The company's plans to enter the EU market come at a time when there is a global shortage of semiconductors. This shortage is impacting the supply chains of many different types of products from Computers to Cars and it is driving up the cost of many items where Microchips are crucial parts.

Last Updated on 08 October 2021

Intel wants to increase production in the face of a global chip shortage that is affecting the supply of vehicles and other items. The company, which is one of the world's major semiconductor manufacturers, claims that the crisis has demonstrated that the United States and Europe are overly reliant on Asia for chip manufacturing. Microchips are used in millions of devices, from cars to washing machines, but they are in short supply this year due to increased demand and supply chain concerns.

It has resulted in shortages of popular commodities such as Vehicles and Laptops as well as price increases, which Mr. Gelsinger predicted would continue into the holiday season. Mr. Gelsinger stated that the company "certainly would have been pursuing sites for consideration" in the United Kingdom, but that this had changed due to Brexit. The company also seeks to win subsidies from politicians in the United States and Europe, who believe that their reliance on Asia for chips could jeopardize national security. Mr. Gelsinger told the BBC that "it is definitely part of the incentive of a globally balanced supply chain that nobody should be unduly dependent on someone else."

Chip manufacturing is still cheaper in Asia, and Intel's competitors are expanding. Over the next three years, TSMC, the world's largest contract manufacturer of semiconductors, will invest $100 billion in capacity expansion, while Samsung will invest $205 billion.