Business

Intel chooses Magdeburg, Germany for new chip factory in Europe

Visitors are seen at Intel's booth during the China Digital Entertainment Expo and Conference, also known as ChinaJoy, in Shanghai
FILE PHOTO: Visitors are seen at Intel’s booth during the China Digital Entertainment Expo and Expo, also known as ChinaJoy, in Shanghai, China July 30, 2021. Photo taken July 30, 2021. REUTERS / Aly Song

February 26, 2022

BERLIN (Reuters) – Intel has selected a site in the eastern German city of Magdeburg to build a new multi-billion-euro chip factory in Europe and will announce its decision on March 4, a person familiar with the matter told Reuters.

In September, the company said it could invest up to $95 billion in Europe over the next decade and announced the locations of two major new chip factories in Europe by the end of 2021, but gave no details. which newspaper is published.

Germany tops the list of potential candidates with local governments Penzing in Bavaria, Magdeburg and Dresden in eastern Germany trying to attract the American company.

(Reporting by Riham Alkousaa; Editing by Sabine Wollrab and Mark Potter)

https://www.oann.com/intel-picks-magdeburg-germany-for-new-european-chip-factory/?utm_source=rss&utm_medium=rss&utm_campaign=intel-picks-magdeburg-germany-for-new-european-chip-factory Intel chooses Magdeburg, Germany for new chip factory in Europe

Caroline Bleakley

USTimeToday is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your materials, please contact us by email – admin@ustimetoday.com. The content will be deleted within 24 hours.

Related Articles

Back to top button