Billions to be invested in Magdeburg

Magdeburg/Santa Clara (dpa) – A extremely prestigious success for Germany as a high-tech location: Magdeburg has been awarded the contract for a big chip manufacturing facility of the US company Intel, because the world’s largest chip producer introduced on Tuesday. In response to the assertion, a complete of round 80 billion euros can be invested in Europe over the following few years to create a “state-of-the-art next-generation semiconductor ecosystem” at a number of areas. Politicians are jubilant concerning the plans and hope that Germany will thus grow to be a number one hub for semiconductor manufacturing.

The most important beneficiary is the capital of Saxony-Anhalt. “Within the preliminary part, we plan to take a position 17 billion euros to construct two model new, first-of-their-kind semiconductor factories in Magdeburg,” Intel boss Pat Gelsinger stated in a video stream. The plan is to construct as much as six extra factories there within the coming years. As well as, the US firm intends to spend money on additional initiatives in Europe, for instance within the areas of analysis, improvement and design. All websites are to be provided with renewable power.

Building work in Magdeburg is to start in spring 2023 on the newest. Manufacturing is to start out in 2027. The newly created industrial website will cowl 450 hectares – the equal of round 620 soccer pitches. In response to Intel, round 3,000 high-tech jobs could possibly be created, in addition to tens of 1000’s of extra jobs with suppliers. In Magdeburg, the corporate plans to supply processors and graphics chips that can be bought below its personal model. On the identical time, the Californian firm additionally intends to behave as a contract producer for third social gathering clients throughout the framework of Intel Foundry Providers (IFS).