JAKARTA - Intel chose the city of Magdeburg in eastern Germany to set up their chip factory in Europe.
Cited from Reuters, Sunday, February 27, citing a source, said plans for the plant in Magdeburg will be announced on March 4. Germany ranks among the top potential locations for Intel chip factories, local governments in Penzing (Bavaria) and Magdeburg and Dresden in east Germany are trying to attract Intel's attention.
The US company said in September 2021 it was likely to invest $95 billion in Europe over ten years into the future.
Intel originally wanted to announce two chip factory locations in Europe by the end of 2021, however, that didn't happen.
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Intel CEO Patrick Gelsinger flew to Europe last year. Germany is a prime candidate because of its government subsidies, stability, and availability of skilled workers.
It is not clear when Intel's chip factory will begin construction. In addition to Germany, Intel is reportedly also eyeing France and Italy for a design center and a packaging factory.
In January, Intel announced plans to build a chip factory in Ohio, United States, worth 20 billion dollars.
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