![]() In the final stage of its expansion, when all eight manufacturing facilities (or “modules”) are finished, Gelsinger told Fortune the site would be akin to a small city. A $95 billion mega-fabīreaking ground on the 10-year–plus chip manufacturing project, which could ultimately cost a mind-boggling €80 billion ($95 billion) to complete, could begin in 2022, according to the self-confessed “semiconductor geek,” with the first wafers running off the line as early as the middle of the decade. It is a strategy that could present an enormous opportunity to make up ground lost to the competition-as well as pose considerable risks to investors were something to go wrong. ![]() The massive chip fabrication project is one of those big plans, and it’s central to Gelsinger’s strategy, known as “IDM 2.0”, a new, improved version of its fully integrated business model that would see Intel not only design and assemble its own chips as before, but serve as a foundry building semiconductors for rivals as well. ![]()
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