BERLIN (Reuters) – Intel has chosen a location within the east German metropolis of Magdeburg to construct a multibillion-euro new chip factory in Europe and can make the choice public on March 4, an individual acquainted with matter informed Reuters.
The firm stated in September it might make investments as a lot as $95 billion in Europe over the following decade and announce the areas of two main new European chip fabrication crops by the top of 2021, however no announcement has been made.
Germany was high of the listing of potential candidates with the native governments of Penzing in Bavaria and Magdeburg and Dresden in jap Germany attempting to tempt the U.S. firm.
(Reporting by Riham Alkousaa; Editing by Sabine Wollrab and Mark Potter)
