Two factories to be built in Magdeburg
Intel has been busy diversifying its supply chain, building new plants on three different continents to ensure its dominance in the industry. The most recent step in this plan are two new German factories, following last week’s announcements of new factories to be built in Poland and Israel. In all three cases, Intel has received grants to locate plants in those countries, with Germany offering the equivalent of $11 billion. That’s a pretty sizable chunk of the projected $33 billion Intel will spend building these two new German factories.
Intel plans to lead the way in the second half of this year, to be online in 2027 if all goes well. These facilities will add to those already agreed or under construction, such as the 50% expansion of the factory in Gdansk, Poland, which will be completed by the end of the year. Intel hasn’t disclosed what the new German factories will produce, although we know the factory in Leixlip, Ireland will be an Intel line 4.