Intel Continues Investment in Germany
Intel and German Government Sign Revised Letter of Intent for Planned Wafer Fabrication
Magdeburg, Germany to be Home to Two New Semiconductor Fabs
Berlin, Germany - June 19, 2023 - Intel and the German federal government have signed a revised letter of intent for Intel's planned leading-edge wafer fabrication facility in Magdeburg, Germany.
The renewed agreement reaffirms Intel's commitment to establish a balanced and resilient supply chain in Europe and demonstrates the company's confidence in Germany as a strategic location for its manufacturing operations.
In the initial phase, Intel plans to develop two first-of-their-kind semiconductor fabs in Magdeburg. These facilities will mark Intel's first use of high-volume EUV technology and the beginning of high-volume production of Intel 4 technology.
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