A new chip factory is planned near Magdeburg (Saxony-Anhalt) for the production of memory chips for European industry. The aim of the project is to build up European production capacities and reduce dependence on foreign countries, announced the Dresden-based company FMC. "With our project, we want to strengthen European technological sovereignty and resilience in system-critical memory chips," said Managing Director Thomas Rückes. The next step is to sign a letter of intent with the state of Saxony-Anhalt.
It is a project worth billions, Saxony-Anhalt's Economics Minister Sven Schulze (CDU) told the German Press Agency. After Intel withdrew, the talks with FMC were an important plan B. Last year, US chip manufacturer Intel announced that it was putting its original plans to build several chip factories in Magdeburg on hold for the time being. Around 30 billion euros were to be invested at the site in Saxony-Anhalt.
