The American company Intel will build a microchip plant in the German city of Magdeburg for 17 billion euros (more than 422 billion CZK).
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The company announced its selection at an online press conference on Tuesday. It intends to invest up to 80 billion euros in Europe within ten years, especially in Germany, news agencies report.
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Intel has chosen between several countries in Europe. France, Italy and Poland, for example, wanted his factory.
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