Intel Signs Letter of Intent, to Build Two Chip Factories in Germany
Investment to Create 10,000 Jobs in Magdeburg
Revised Letter Outlines Plan for State-of-the-Art Wafer Fabrication
WEB BERLIN, June 19, 2023 - Intel Corporation and the German federal government have signed a revised letter of intent for Intel's planned leading-edge wafer fabrication facilities in Magdeburg, Germany.
The investment will see Intel construct two new chip factories, creating approximately 10,000 jobs in the region. The project, announced in March 2022, will establish Magdeburg as a major hub for semiconductor manufacturing in Europe.
By significantly increasing manufacturing capacity across the EU, Intel aims to strengthen European supply chains and support the growing demand for advanced chips. The factories will produce a range of Intel's most advanced products, including chips for AI, data centers, and mobile devices.
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