“And if we say no, then we will have to bear the consequences,“ said Habeck. “We will have a dependency on foreign production, we will have a loss of knowledge and, above all, we will not have the depth of the supply chains.
“Therefore, from my side, it’s a clear yes.”
The chipmaker announced in March 2022 it would invest EUR 17 billion building the Magdeburg facility with work to start in early 2023, and production to begin in 2027. In December 2022, the manufacturer rowed back on this timeline, with reports suggesting it was looking to secure further subsidies. According to government sources cited by Handelsblatt, Intel now plans for an outlay of EUR 27 billion for the plant’s construction. Talks between the federal government and Intel‘s executives are scheduled for mid June.
