Intel said that it didn’t consider the UK for a new chip-making factory because of Brexit

  • Date: 07-Oct-2021
  • Source: Business Insider
  • Sector:Industrial
  • Country:Middle East
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Intel said that it didn’t consider the UK for a new chip-making factory because of Brexit

Intel is no longer considering building semiconductor factories in the UK because of Brexit, the firm's boss has . Pat Gelsinger, CEO of the chipmaker since February, says the firm is now looking at "EU countries and getting support from the EU." Intel had "about 70 proposals for sites across Europe from maybe 10 different countries", Gelsinger said, adding that he was hoping to receive support from the EU and finalise a site before the end of the year. The company plans to invest up to $95 billion in semiconductor factories over the next 10 years, the BBC reported. Critics say Intel's decision to focus on the EU is an indictment of Boris Johnson's governing, as the UK Prime Minister seeks to "build back better" from the pandemic. Naomi Smith, chief executive of the group Best for Britain, which opposed Brexit, told Insider: "Businesses are increasingly finding their voice and saying Britain no longer makes the list for foreign tech investment that would bring the high skilled, high wage jobs that the Prime Minister pledged to deliver only yesterday. "This decision by Intel is an unequivocal negative. While this government may be fueled by the promise of 'levelling up' they