German subsidy will pay for 40 percent of Intel’s new fab site in the region [TechSpot]

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Local media (per The Register) claim Intel will receive 6.8 billion euros ($7.15 billion) in subsidies to build a cutting-edge campus in Magdeburg. Intel announced the colossal project in March and pegged the initial cost at no less than 17 billion euros. The German subsidy will cover roughly 40 percent of the total cost.