Intel’s building a new €17B cutting-edge chipmaking fab in Germany

Intel has announced it will be building a brand new, leading-edge foundry in Magdeburg, Germany. The new facility will cost €17 billion to construct, but Intel hopes it will massively improve its ability to deliver on its next-gen process nodes (Angstrom-era) in Europe and abroad.

It’s long been assumed that Intel would pick Germany for its new European fab, but now we know exactly what Intel has in mind. Intel’s building in the Saxony-Anhalt region of Germany, in a city called Magdeburg. Intel’s dubbed it the “Silicon Junction”, because you’ve got to have a nickname like that.

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