Intel’s set to receive €9.9 billion in state subsidies for German fab

Intel’s getting ready to sign a new agreement with the German government to build its Magdeburg fab 

Intel’s planning to expand its presence in Europe, using state and EU funds to help create new leading-edge chipmaking facilities, R&D hubs, and assembly sites on the continent. Later today, Intel’s CEO, Pat Gelsinger, is due to sign a new agreement with Germany to build their planed Magdeburg fab, a site that will require more state funding than originally anticipated. 

Originally, Germany pledged to €6.8 billion Euros in funding for Intel’s new fab, but thanks to inflation and other factors, building this new site will now cost a lot more than originally anticipated. Now Germany are expected to give Intel €9.9 billion in state funding, and a agreement confirming this is likely to be signed later today. 

After Intel’s new agreement with the German government is signed, the world should learn a lot more about Intel’s planned Magdeburg manufacturing site, which will be placed in the Saxony-Anhalt province of Germany. Currently, it is unknown what chips will be build at this facility, though the site is expected to produce one of Intel’s newest lithography nodes.

Intel already has a strong manufacturing prescience in Ireland and has plans to create new manufacturing sites across Europe. This includes a newly confirmed assembling facility in Poland, and other sites across the European continent.

You can join the discussion on Intel’s increased state subsidies for their German fab on the OC3D Forums.