Europe kept waiting as Intel commits to new U.S. chip factories

FILE PHOTO: A worker arranges an Intel logo at the CeBIT trade fair, the world's biggest computer and software fair, in Hannover in this March 13, 2016. REUTERS/Nigel Treblin

BERLIN/STOCKHOLM (Reuters) -Intel still intends to develop European chip manufacturing capacity despite the delayed plans being overshadowed by its announcement on Friday of a more than $20 billion investment in two new U.S. semiconductor plants.

The company said in September it could invest as much as $95 billion in Europe over the next decade and announce the locations of two major new European chip fabrication plants by the end of 2021.