Intel to build London Net-server facility

The chipmaker plans to spend about $48 million to build a computer center that will support Internet activity throughout Europe.

Intel plans to invest about $48 million in an Internet server facility in London to help boost e-commerce and the Internet in Europe, according to the British business consulting firm London First Center.

The announcement comes on the heels of a speech last week by Intel's chief executive Craig Barrett where he said his company would be steadily increasing its investment in European businesses over the coming years, according to a report from Reuters.

The computer facility in London will be built over the next 12 months and will house up to 5,000 computers supporting Internet activity throughout Europe.

Intel could not be reached for comment.

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