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INTEL SPENDS $33 BILLION IN GERMANY IN LANDMARK EXPANSION

  • NEWS Desk Global
  • Jun 19, 2023
  • 1 min read

Intel (INTC.O) will spend more than 30 billion euros ($33 billion) to develop two chip-making plants in Magdeburg as part of its expansion push in Europe, a deal Chancellor Olaf Scholz hailed on Monday as Germany's biggest ever foreign investment.

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