Intel To Spend $33 Billion in Germany in Landmark Expansion

Intel will invest more than 30 billion euros ($33 billion) in Germany as part of its expansion push in Europe, the U.S. company said on Monday, marking the biggest investment by a foreign company in Europe's top economy. From a report: The deal to build two leading-edge semiconductor facilities in the eastern city of Magdeburg involves 10 billion euros in German subsidies, a person familiar with the matter said. Intel CEO Pat Gelsinger said he was grateful to the German government and the state