Intel has decided to discontinue the development of the chip factory in UK due to brexit

Following the United Kingdom's exit from the European Union, Intel will cease building of a chip facility in the United Kingdom. According to the CEO of Intel, speaking to the BBC.

During an interview with the BBC, Intel CEO Pat Gelsinger stated that the United Kingdom had a "clear probability" of being chosen as the location for a new chip manufacturing facility prior to Brexit. However, with Brexit, we will look to other European countries for assistance, as well as to the European Union. "As of right now, we have over seventy offers for potential sites from ten different nations. We hope to have reached a decision by the end of the year "Gelsinger expressed himself in this way.

According to Gelsinger, Intel plans to invest up to eighty billion euros in European chip production over the next ten years, according to an interview published last month. These monies must be used for a variety of purposes, including the construction of two new chip plants. Earlier reports mentioned a twenty-billion-euro investment that would be used to construct two facilities, with production taking place at one location and packaging taking place at the other. According to more recent sources, production factories will now be established in two different places throughout the world. According to The Register, Belgium, the Netherlands, Germany, France, and Poland are all considered viable locations for chip manufacturing facilities.