The EU’s semiconductor billions are a sham

This would create extremely expensive jobs in Magdeburg. With up to 3,000 new jobs that Intel wants to create in Magdeburg, this means funding of over 300,000 euros per job. A high price that not everyone in the federal government thinks is fair. Critics also point out that the chips that are made in Magdeburg are not used in Germany at all because they go into cell phone production, for example. German automakers, suffering from chip shortages during the pandemic, need larger, less advanced chips.