Tag: Magdeburg

Here you will find all the articles with the tag: Magdeburg.

Intel and German authorities nearing deal on €9.9B subsidy

Intel and German authorities nearing deal on €9.9B subsidy

Intel and the German government are close to a deal on additional funding for the tech giant's local facility. The German newspaper Handelsblatt has reported that the final round of negotiations is underway. After months of negotiations, the German federal government is about to increase state f... Read more

date12 months ago
Intel squeezes Germany for €5 billion more in subsidies

Intel squeezes Germany for €5 billion more in subsidies

The US chip maker is determined to grab the most benefits possible from the EU's Chips Act. This week Bloomberg reported that Intel is seeking to obtain more than 5 billion euros in public funds from Germany to subsidize their building a massive semiconductor plant in that country. Officials... Read more

date1 year ago
Intel wants more subsidy for German chip factory in Magdeburg

Intel wants more subsidy for German chip factory in Magdeburg

Intel has asked the German economy minister for more subsidies to build a giant chip factory in Magdeburg, Germany. Partly due to changing economic and geopolitical conditions, building this factory would be more expensive than planned. This reports the German business newspaper Handelsblatt. Ac... Read more

date1 year ago
Intel is committed to German chip plant, executive says

Intel is committed to German chip plant, executive says

An Intel executive has confirmed that the company is hashing out the details of a new chip plant in Magdeburg with the German government. Keyvan Esfarjani, Intel's Chief Global Operations Officer, said the company is committed to making the project a success while speaking to Reuters at a chip ... Read more

date1 year ago
Intel invests 33 billion euros in European chip industry

Intel invests 33 billion euros in European chip industry

Intel is pumping 33 billion euros into European chip factories, research sites and projects. In 2021, Intel promised an 80 billion euro investment plan for European chip production. Today, after weeks of radio silence, Intel confirmed new details. Intel is dividing 80 billion euros into sever... Read more

date2 years ago