# 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.

- Type: New facility
- Announced: 2022-03-15
- Where: Magdeburg, Germany, Germany
- Value: $18.7B (17.0B EUR)
- Starts operating: 2027
- Status: announced
- Products: computer chips using advanced transistor technologies
- Sectors: [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md)

## Companies

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

## Sources

- [intc.com](https://www.intc.com/news-events/press-releases/detail/1532/intel-announces-initial-investment-of-more-than-33), 2022-03-15: "Our planned investments are a major step both for Intel and for Europe."
- [prnewswire.com](https://www.prnewswire.com/news-releases/intel-to-invest-17-billion-in-german-chip-gigafactory-301503170.html), 2022-03-15: "Intel will initially spend EUR 17 billion on its new location but could put around EUR 80 billion in its European operations."

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