Deep Read: The Prime Minister, the billion-dollar factory and the AfD: How Saxony-Anhalt got into the chip dilemma
Because Intel is not building a chip factory in Magdeburg after all, 1,100 hectares are lying idle. An interested party is ready - but the conditions are hardly acceptable for the CDU before the state election.
In Sachsen-Anhalt, Germany, a 1100-hectare area known as Eulenberg or Land's End has been left abandoned after US company Intel cancelled plans to build a 33-billion-euro microchip factory there. The site, located near Magdeburg and Sülzetal, had been expected to be the largest investment in post-war Germany. Intel's decision has left the region in uncertainty, with the state government, led by the CDU, keen to attract other tech firms but facing opposition from its federal party due to budget constraints. The issue has become a dilemma for the state ahead of a key state election.
Written by urgent.news from Handelsblatt's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
