Intel assures that it has not lost interest in building a plant in Germany

Just now you have to adapt to new adverse conditions.

The German press at the end of last year questioned the implementation of the Intel project to build a chip packaging and testing facility in Germany in Magdeburg, but the agency Archyde.com quoting Intel’s global operations manager, Keyvan Esfarjani, said the company is determined to make the project a success. Just now she has to adapt to the circumstances and conditions.

Image Source: Archyde.com

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Representatives of the German government, according to the source, announced negotiations with Intel. The amount of subsidies under this project will depend on the decision of the European Commission, and the latter, in order to adopt it, needs to obtain more data on the performance of the future enterprise and its efficiency. Esfarjani had to admit that since Intel announced its intention to build a plant in Germany, geopolitical problems had worsened, demand for semiconductor products had declined, and inflation and recession had become a greater threat to the global economy. The company last year bought a plot of land for the construction of an enterprise in Magdeburg.

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