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The Independent UK
The Independent UK
National
Via AP news wire

Intel and Germany sign agreement for $32.8 billion chip plant investment

Intel Corporation Germany Magdeburg Olaf Scholz Robert Habeck Berlin
Copyright 2023 The Associated Press. All rights reserved

Intel and the German government on Monday signed a deal that would see the U.S. company investing more than 30 billion euros ($32.8 billion) in a chip manufacturing site in the German city of Magdeburg, with financial support from Berlin.

Word of the agreement came as German Chancellor Olaf Scholz met Intel CEO Pat Gelsinger in the German capital.

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