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Intel Announces $33 Billion Investment To Build Chip Plant in Germany

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Overview

  • Intel to invest over 30 billion euros in Germany for expansion push in Europe
  • Deal involves 10 billion euros in German subsidies
  • Intel's third big investment in four days, including a chip plant in Poland and a factory in Israel
  • Tens of thousands of jobs to be created as a result
  • Germany investing billions in subsidies to lure tech companies and secure sustainable jobs