Intel wants an additional 3.2 billion euros from the German government for the construction of the factory

Even a giant like Intel is feeling inflation and the cost of projects, which also made Intel ask the German government for another 3.2 billion euros for the production plant project. Germany has already promised Intel 6.8 billion euros, which would promote Europe’s independence from Chinese semiconductor production.

In addition, Intel will invest 12 billion euros to double the production facilities in Ireland to a new one, where Intel 4 nodes (in English node) are produced for the company’s other European production facilities. In total, Intel is going to invest up to 80 billion euros in our part of the world, as there are plans to develop a research and development center in France, as well as to build other related buildings in Italy, Poland and Spain. It has already been clearly decided that Intel will invest 33 billion euros in European production plants by 2027.

The new German plant will consist of two semiconductor factories, where the next generation of Angstromer products will be manufactured. The construction of the factory will start in the first half of 2023 with the aim of completing it in 2027, it will be located in Magdeburg.

Intel will not only produce semiconductors for its own needs, but the new factory is expected to produce parts for Intel Foundry Services customers. The new building will also provide 3,000 permanent jobs once it opens.