# Intel to build $32.8 billion chip plant in Magdeburg, Germany

Intel signed a deal with the German government to invest more than 30 billion Euros ($32.8 billion) to build a chip manufacturing site in Magdeburg, Germany, with the government covering a third of the cost.

- Type: New facility
- Announced: 2019-03-06
- Where: Magdeburg, Germany, Germany
- Value: $32.8B
- Status: announced
- Products: semiconductor chips
- Sectors: [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md)

## Companies

- [Intel](https://endata.com/companies/21062.md)

## Sources

- [markets.bostonherald.com](http://markets.bostonherald.com/bostonherald/news/read/43439557/intel_reveals_plan_to_build_new_$33b_chip_plant_in_germany_with_government_help), 2019-03-06: "Intel announcement an agreement to invest $32.8 billion in a chip plant in Magdeburg, Germany."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.