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Intel picks Magdeburg, Germany for new European chip factory -Breaking

by Mike Robinson

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© Reuters. FILEPHOTO: Visitors can be seen at Intel’s booth during China Digital Entertainment Expo and Conference also called ChinaJoy in Shanghai China, July 30, 2021. Image taken July 30, 2020. REUTERS/Aly Song

BERLIN, (Reuters) – Intel (NASDAQ:), has decided to locate in Magdeburg (East Germany) in order to create a multibillion euro new chip factory. This decision will be publicized on March 4, according to Reuters.

In September, the company stated that it would invest up to $95 billion in Europe in the next decade. It also announced the location of two new major European chip manufacturing plants before the year ends 2021. However, no official announcement was made.

Germany was at the top of the list with Penzing, Bavaria’s Magdeburg, Dresden and Dresden trying to attract the U.S. business.

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