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Intel Germany Mega Site Gets €6.8bn in European Chips Act Funding
Intel will benefit from €6.8bn ($7.3bn) of European Chips Act funding as it builds and commissions its mega site in Magdeburg, Germany. Martin Kröber, the Magdeburg member of the Bundestag (Social Democratic Party), revealed the decision on Friday, and the amount of funding due this year was confirmed in a federal budget statement (German language PDF link).