Intel Set to Get $ 5.5 Billion in German Subsidies for Mega Plant

Construction at the site in Magdeburg will start in the first half of next year, with production to come online in 2027. The facility, which will create what Intel is calling “Silicon Junction” as the region will become a hub for chip production, will create 3,000 permanent high-tech jobs along with 7,000 construction jobs.

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