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Latest / Chips, compute and energy

DealComputeGovernmentGermany EU USConfirmed

Intel and Germany sign revised deal for €30bn-plus Magdeburg chip fabs

See how this story connects

Source: IntelAlso reported by Associated Press (via KSAT)

Intel and the German federal government signed a revised letter of intent in Berlin on 19 June 2023 for two chip fabs in Magdeburg, with Intel investing more than 30 billion euros. AP reported German support of 9.9 billion euros, about a third of the cost; the first fab was expected to start production in four or five years, and the aid needed European Commission approval.

Why it matters

Germany committed about €10bn of public money to bring leading-edge logic chipmaking to the EU, subject to Brussels approving the state aid.

When
19 Jun 2023
ID
WTA-N-2023-0133
Who
Intel, Government of Germany, European Commission; Olaf Scholz, Pat Gelsinger

Summary by wheresthe.ai, from Intel and the reporting credited above. Checked against the source on 9 Oct 2026.

Read the original at Intel

Source copy: download the page text as saved on 18 Oct 2026 (PDF). Also held by the Internet Archive.

Next stop on this Storyline: What happened nextEuropean Chips Act enters into force with €3.3bn for the Chips for Europe Initiative

Cite this story

WTA-N-2023-0133: “Intel and Germany sign revised deal for €30bn-plus Magdeburg chip fabs.” wheresthe.ai, 19 Jun 2023. https://wheresthe.ai/d/de-intel-magdeburg-revised-agreement-2023-06/ (source: Intel).

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