Monday, June 19, 2023

Intel to build $33-billion chip plant in Germany after government pledges to cover 1/3rd of cost


Intel and the German government have signed a deal that will see the U.S. company spend more than 30 billion euros ($32.8 billion) to build a chip manufacturing site in the eastern city of Magdeburg, after Germany pledged to cover a third of the investment required.

source https://www.seattletimes.com/business/intel-and-germany-sign-agreement-for-32-8-billion-chip-plant-investment/?utm_source=RSS&utm_medium=Referral&utm_campaign=RSS_technology

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