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Intel launches the largest foreign investment ever in Germany

Intel launches the largest foreign investment ever in Germany

After the implementation of the project announced in March 2022, Intel will manufacture computer chips using the most advanced transistor technologies in factories. The company purchased the plot of land required for the project in November 2022 and

The first factory is expected to start production in four to five years,

After being approved by the European Commission incentive package. The agreement was signed in the presence of Chancellor Olaf Scholz, Intel CEO Pat Gelsinger, Foreign Minister Jörg Kukes, and Intel Board Member Kevan Esfargani. Given the current schedule and investment scale, Intel plans to use the most advanced Angstrom era technology Applies to facilities.

Magdeburgsilicon knot“The construction is an important part of Intel’s growth strategy, and together with its investments in Wroclaw, Poland, announced last week, and its existing sites in Ireland, will create significant capacity can contribute to a flexible European supply chain, Intel CEO Pat Gelsinger said.

Olaf Schultz stressed at the event that, thanks to the investments, Germany is catching up with the world leaders in the field of advanced technology, adding that

Intel is making the largest foreign direct investment in German history.

Cover photo: Sean Gallup/Getty Images

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