Leon Neal
Intel (NASDAQ:INTC) shares rose almost 2% on Friday after the semiconductor large mentioned that its new fab in Eire has began excessive quantity excessive ultraviolet lithography manufacturing.
“I’m pleased with the Intel crew in addition to our clients, suppliers and companions who labored with us to carry this second to life and maintain us on the trail again to course of management,” mentioned Pat Gelsinger, Intel CEO, in a assertion.
“The Silicon Isle has at all times been core to our long-term technique, and immediately’s opening of Fab 34 contributes to the EU’s purpose of making a extra resilient and sustainable semiconductor provide chain.”
Excessive ultraviolet lithography, or EUV, instruments are high-powered machines that create wafers considerably quicker used to make semiconductors at a smaller scale than different strategies.
The EUV instruments are produced by Dutch semiconductor gear firm ASML (ASML) and value roughly $150M apiece, with some roughly the dimensions of a transport container.
The instruments are an essential a part of Intel’s five-nodes-in-four-years, which Gelsinger mentioned earlier this month was nonetheless on observe.