Intel unveiled plans to invest an initial $19 billion to construct new leading-edge semiconductor fab mega-sites in Magdeburg, Germany; an R&D and design hub in France; and R&D, manufacturing and foundry facilities in Ireland, Italy, Poland and Spain. The plan could see as much as $88 billion invested “along the entire semiconductor value chain” in the EU over the decade, according to the Santa Clara-based chipmaker, which says it wants to introduce a next-generation chip ecosystem while offsetting reliance on Asia for a more “resilient supply chain.” Read more

Google this week announced a host of new features at the Google for Games Developer Summit, a free virtual event designed to help developers get the most out of its platforms. Developers that have more than $5 million in annual consumer games spending will be able to tap a new Google Play Partner Program for Games. A “play as you download” feature for Android 12 users will let itchy-fingered players get to gaming sooner, and an “immersive stream” for games will let developers leverage cloud gaming service Stadia’s underlying technology. Read more

Discovery plans to merge Discovery+ and WarnerMedia’s HBO Max into one streaming service shortly after completing the acquisition of AT&T’s entertainment spinoff WarnerMedia. The news was shared by Discovery CFO Gunnar Wiedenfels, speaking Monday at Deutsche Bank’s 30th Annual Media, Internet & Telecom Conference. Wiedenfels said that the transition will likely take “several months” but “an interim solution” will be introduced “in the meantime.” “Building one very, very strong combined direct-to-consumer product and platform, that’s going to take a while,” he said. Read more

A recent COVID-19 surge in China has resulted in the temporary closure of electronics and automobile factories in the manufacturing hubs of Shenzhen and Changchun. In Shenzhen, iPhone supplier Foxconn announced it is halting operations in compliance with local government policy. The city has been placed on lockdown for at least a week, with all inhabitants to undergo three rounds of testing following the discovery of 86 new COVID-19 cases. Recent outbreaks in 28 of China’s 31 provinces have infected more than 15,000 people, primarily with the highly transmissible Omicron variant, according to China’s National Health Commission. Read more

Los Angeles-based avatar technology firm Genies Inc. has secured Bob Iger as an investor and board member, a coup for the five-year-old startup, which crafts celebrity avatars and also allows people to create their own avatars, fashion, worlds and experiences. The move into the metaverse is Iger’s first entertainment play since exiting Disney in December after 15 years as CEO. Genies says Iger will help “navigate its mission to empower humans to create their own avatar ecosystems” in Web3 — including avatars, fashion lines, immersive experiences and virtual worlds.  Read more