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Tech & Science: Intel plans billion investment in Magdeburg

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Great prestige success for the high-tech location Germany: Magdeburg receives the contract for a large Chip factory of the US Group Intel. It is planned billions of investments. That announced the world's largest chip manufacturer.

Magdeburg hat den Zuschlag für eine Intel-Chipfabrik bekommen. © Ralf Hirschberger / DPA Magdeburg has gotten the surcharge for an Intel Chip.

The capital of Saxony-Anhalt thus prevailed against a number of other German applicants. "In the first phase, we are planning investments in the amount of 17 billion euros for the construction of two brand new, unique semiconductor factories in Magdeburg," said Intel boss Pat Gelsinger in a video stream. For the coming years, up to six other factories are planned.

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All new European locations should be supplied with renewable energy. Intel announced the construction of a European wholesale factory last year.

Production start 2027

At the latest in the spring 2023, the construction work should start. 2027 should start production. Several thousand jobs should be created with Intel and suppliers. The federal government wants to financially support the settlement. The traffic light parties SPD, GREEN and FDP would like to make Germany a global location of the semiconductor industry.

The Magdeburg City Council had approved the way for a new industrial area for the large settlement. Other locations in Bavaria, Saxony, Mecklenburg-Vorpommern and in several European countries had advertised. In Magdeburg, Intel wants to produce processors and graphics chips sold under its own brand. At the same time, the California group wants to work as a contract manufacturer for third party customers as part of the Intel Foundry Services (IFS).

Intel boss: Chip scarcity until the year 2023

 Intel boss: Chip scarcity until the year 2023 The global chip scarcity will last for at least one year after the estimation of the industry giant Intel. © Uli Deck / DPA The need for capacities in data centers has been increasing for years. The bottlenecks are likely to go down to the year 2023, with gradual improvement of the situation, said Intel boss Pat Gelsinger for presentation of current quarter numbers on Wednesday. Intel was able to increase its sales in the past quarter thanks to increases in business with chips for data centers.

Gelsinger, who has taken over the rudder a year ago, tries to bring the world's largest chip manufacturer through a tremendous investment program. These include new factories or location enhancements in the US state of California, New Mexico and Arizona and Malaysia. Only in January Intel had announced the construction of two new factories in the US state Ohio for more than $ 20 billion.

Economic map Newly drawing

The East Officer of the Federal Government, Carsten Schneider, sees enormous importance in the location decision of the US chip manufacturer Intel for Magdeburg. This is "the largest corporate investment in East Germany in recent decades," explained the SPD politician on Tuesday.

Schneider emphasized: "The Federal Government has become aimed at supporting the settlement with significant funds to make Germany again to a competitive location in the field of microelectronics." For East Germany, this investment means the opportunity for pure industrialization. «The economic map can be red drawn."

also Federal Chancellor Olaf Scholz advocates the investments of the US Group Intel in Saxony-Anhalt. "Germany welcomes Intel and extensive investments that the company plans to create 3,000 high-tech workplaces and many more in the value chain," said the SPD politician according to a message.

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