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Intel, Germany strike record €30B deal for chip mega-factory

  • The Next Web faviconThe Next Web

    By Siôn GeschwindtJun 20, 2023, 5:47 am173 pts
    photo of Intel, Germany strike record €30B deal for chip mega-factory imageIntel and the German government have struck a deal on how to split the bill for a massive chip factory in Magdeburg, marking the end of a months-long funding dispute. The US chip giant agreed yesterday to fork out more than €30bn to develop the plant, a deal Chancellor Olaf Scholz hailed as the single biggest…
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