France (and Germany, Italy, Poland, etc.)
A new European R&D hub near Plateau de Saclay will become Intel's European HQ for high performance computing (HPC) and artificial intelligence (AI) design capabilities, with 450 of the 1,000 jobs projected to be filled by 2024. “HPC and AI innovation will benefit a broad set of industry sectors, including automotive, agriculture, climate, drug discovery, energy, genomics, life sciences and security — greatly improving the life of every European,” said the company last week as it announced a family of EU investments amounting to an initial €33 billion. This first tranche of an expected 80 billion spend includes plans to invest 17 billion in a semiconductor fab mega-site in Magdeburg, Saxony-Anhalt, Germany — a location well known to Site Selection readers. “Our planned investments are a major step both for Intel and for Europe,” said Pat Gelsinger, CEO of Intel. “The EU Chips Act will empower private companies and governments to work together to drastically advance Europe's position in the semiconductor sector.”
As reported by SeeNews, Bulgarian News Service and others, German robotics and automation technology company Festo’s Festo Production unit in Bulgaria is investing 20 million levs (US$11.2 million/€10.2 million) in purchasing machines and equipment for its plant in Sofia, where headcount will increase by more than 30% this year, according to the country’s innovation ministry. The company primarily makes automation components, flow and pressure sensors, connecting cables and electrical drives. Festo Production, which also operates a technical engineering center in Sofia with over 100 employees, already employs more than 1,200 people in Bulgaria, including more than 250 recruited in the past year.