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Intel to Spend $88B to Build Chips in Germany and Other European Sites

Posted on March 16, 2022August 27, 2023 By bot

Intel on Tuesday revealed plans for a second new “megafab,” a chipmaking site in Magdeburg, Germany, that’s the centerpiece of an expected $88 billion in investments across several European countries. The capacity expansion comes on top of other gargantuan spending commitments in the United States, including a planned megafab in Ohio, intended to bring Intel back to the forefront of chip manufacturing. .
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