The American company Intel apparently wants to build a mega-factory for the production of computer chips in the Saxony-Anhalt state capital of Magdeburg.
Corresponding media reports were confirmed to the FAZ on Wednesday;
an official announcement is to be made in the coming week.
The settlement of the chip factory would be the largest investment for Saxony-Anhalt since reunification.
We are talking about an investment volume that exceeds the Tesla settlement near Berlin many times over.
Reinhard Bingener
Political correspondent for Lower Saxony, Saxony-Anhalt and Bremen based in Hanover.
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Intel and its suppliers could create around 20,000 jobs in the Magdeburg region, most of them highly qualified jobs.
"We are actually building a small city in which other companies are just as involved as universities and research institutes," Intel CEO Pat Gelsinger told the FAZ in September about the planned mega factory in Europe.
Gelsinger spoke of a total investment volume of 80 billion euros.
A mega-fab consists of eight factories, each of which costs around ten billion euros and provides 1,500 jobs.
Gelsinger described it as crucial for the selection that the future location was large enough for the planned building.
The size of a mega factory is around 500 football pitches.
The factory is now to be built in the west of the Saxony-Anhalt state capital, where there are large, relatively flat areas in the Börde, which can also be easily reached via the A14 and A2 motorways.
In addition to Saxony-Anhalt, Penzberg in Bavaria and, in particular, the Saxon state capital of Dresden, where there is already a chip industry, were reportedly also being discussed for the location.
In the struggle between the states, Saxony-Anhalt has now apparently prevailed, where the state government has been trying intensively in the background for months to get Intel settled.