Intel to build two Magdeburg chip fabs for €30bn, 3,000 jobs

Intel is building two chip factories in Magdeburg with a planned 3,000 direct jobs. Production start planned for 2027/2028. Part of the European semiconductor initiative for greater technological sovereignty. Update (25 July 2025): Intel officially cancelled the Magdeburg fab project, which was to create around 3,000 jobs with an investment of roughly 30 billion euros. The company cited weak demand and internal restructuring; the project had already been put on hold before.