Intel to Invest 30 Billion Euros in Two Chip-Making Plants in Germany
German Federal Government Signs Revised Letter of Intent
10,000 Jobs Expected in Magdeburg
WEB BERLIN June 19 2023 Intel and the German federal government have signed a revised letter of intent for Intel's planned leading-edge wafer fabrication.
The new chip factory in Magdeburg is expected to create around 10,000 jobs in the area. A rendering shows early plans for two new Intel processor factories in the city. Announced in March 2022 the 17. WEB fabs in Magdeburg Germany the capital of Saxony-Anhalt By significantly increasing manufacturing capacity across the EU Intel is laying.
BERLINSTOCKHOLM June 19 Reuters - Intel INTCO will spend more than 30 billion euros 33 billion to develop two chip-making plants in Magdeburg as the U.S. chipmaker looks to increase its manufacturing capacity in Europe. The move comes as the EU seeks to reduce its reliance on Asian chipmakers and boost its own production.
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