Intel and Germany reach deal on €30 billion chip fab

Chip maker Intel has finalised another multi-billion euro plan to build even more state-of-the-art factories in Europe.
The money hose is being turned on Magdeburg Germany, which will see Intel and its partners, including the German government, spend more than €30 billion over the coming years on two semiconductor plants – commonly referred to as ‘fabs’.
The plan is part of Intel’s €33 billion investment programme for Europe, launched in March 2022. It originall