Intel wants in on this, and hopes to expand its presence on the continent. It hopes to build in Europe at least one factory for manufacturing and another for advanced packaging, Greg Slater, VP of global regulatory affairs, told the Financial Times over the weekend. France, Germany, Belgium, and the Netherlands are being considered as hosts for these facilities, and Intel is expected to name locations by the end of the year.

Chipzilla is, we’re told, prepared to blow as much as $20bn on these factories over the next decade, with an eye on building up to eight fabs on a 1000-acre site somewhere with the necessary infrastructure around it. Intel teased it could spend up to $100bn during the lifetime of these Euro plants.

“We are well placed to make this an ecosystem-wide project, not just a couple of isolated paths in one member state,” Slater said. “We do believe that this is a project that will benefit Europe at large.”