Intel builds a multi-billion dollar chip factory in Magdeburg

Intel builds a multi-billion dollar chip factory in Magdeburg

An insider says Intel has won a contract for a multi-billion chip factory in the East German city of Magdeburg. An acquaintance with the subject told the news agency that the decision would be announced on March 4 Reuters. Magdeburg was more successful than Pensing in Bavaria and Dresden, where Globalfoundries, Infineon and Bosch already operate plants. The decision was not officially confirmed until Saturday.

The main investment

The capital of the federal state of Saxony-Anhalt is a large part of the total of 80 80 billion that Intel wants to invest in Europe. In addition to Germany, France and Italy are also likely to be considered for new Intel locations in Europe – specifically this one about a design center and assembly factory. In one ReutersIn an interview, company chief Pat Gelsinger recently talked about the benefits of doing everything in Europe – “from sand to silicon”.

Extension course

So far, Intel has had only one large factory in Europe, at Lexislip in Ireland, which is currently under development. The US Group is in the midst of an unprecedented expansionary chip crisis. The company is building a mega-factory complex in Ohio, which will initially cost $ 20 billion, and will buy the Israeli chip maker tower semiconductor for $ 5.4 billion.

In fact, Intel wanted to announce location decisions as early as 2021, but waited for the start signal of the “European Chip Act” in early February, paving the way.
Billions in subsidies from public-private sources.

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