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Intel to invest €17B in two new semiconductor fabs in Magdeburg, Germany · Endata

◂ Announcements

Mar 15, 2022NEW FACILITYMagdeburg, Germany, Germany

Intel to invest €17B in two new semiconductor fabs in Magdeburg, Germany

Intel announced an initial €17 billion investment to build two leading-edge semiconductor factories in Magdeburg, Germany. Construction is expected to begin in the first half of 2023, with production starting at the end of 2027.

Value

$18.7B (17.0B EUR)

Starts operating

2027

Status

Announced

Productscomputer chips using advanced transistor technologies

CompaniesIntel

Sectors#Semiconductors and Industrial Electronics

“Our planned investments are a major step both for Intel and for Europe.”intc.com

2 sources
intc.comIntel Announces Initial Investment of More Than €33 Billion for Semiconductor R&D and Manufacturing in EU :: Intel Corporation (INTC)Mar 15, 2022
prnewswire.comIntel to Invest €17 Billion in German Chip GigafactoryGermany Trade, InvestMar 15, 2022

Summarized from public sources; check the original articles before acting on it.

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