intel corp intc announced tuesday an initial investment of eur335 billion 368 billion the research and development and manufacturing of semiconductors in the european union intels stock slipped 02 in morning trading the investment is part of the chip giants plan to invest as much as eur80 billion in the european union over the next decade the initial investment includes eur17 billion to establish a silicon junction in germany for advanced chipmaking and additional eur12 billion to expand its manufacturing facility in leixlip ireland and an investment of up to eur45 billion in italy our planned investments are a major step both for intel and for europe said intel chief executive pat gelsinger the eu chips act will empower private companies and governments to work together to drastically advance europes position in the semiconductor sector the stock has dropped 125 over the past three months while the phlx semiconductor index sox has shed 222 and the sp 500 spx has declined 110