The €33 billion investment is the first installment of Intel's 10-year European semiconductor strategy. Intel intends to invest up to 80 billion euros on a "next-gen ecosystem" for European CPUs over the next decade.

At least 17 billion of the initial 33 billion will go toward the construction of a new factory in Germany, which is slated to be completed near Magdeburg by 2027. In addition, a $12 billion investment will be made to expand the present plant in Leixlip, Ireland. This would allow for the short-term fabrication of Intel 4-nodes (7 nm) in Europe, among other things. Intel aims to continue investing in France's R&D centers, as well as larger laboratories and factories in Italy, Poland, and Spain. Over the next five years, Intel expects to create roughly 10,000 new permanent jobs in the EU.

Intel's EU growth plans also include Belgium and the Netherlands. Intel acknowledges IMEC's long-standing association with Belgium, while ASML of the Netherlands is recognized as a supplier of high-end lithography machines. With the launch of the European initiative, Intel has shown its support for Europe's green transition. Intel will be "on track" to satisfy both its own and the EU's 2030 climate goals. In the (construction of) European plants, Intel pledges to use renewable energy and contribute zero to landfills.