Intel Announces 88 Billion Investment Plan New Chip Plant In Germany
Intel will construct two “first-of-their-kind” chip factories in Magdeburg, the capital of Saxony-Anhalt. The construction is expected to begin in the first half of 2023. If everything goes as planned, the company hopes to make these factories operational in 2027. It will manufacture cutting-edge chips using “Angstrom-era transistor technologies” at these factories. Calling Germany the ideal location for advanced chipmaking, Intel says this investment will create thousands of jobs in the country....