Magdeburg City to Reclaim Former Intel Properties - Magdeburg City to Repurchase Intel Property
Magdeburg Seeks to Repurchase Land for High-Tech Park Development
In a potential turn of events, the City of Magdeburg is considering the repurchase of the sites previously intended for Intel's cancelled €30 billion chip factory. The move aims to attract a new large company to settle on the repurchased site and continue the development of a "High-Tech Park" in the city.
Initially, Intel had planned to invest around 30 billion euros in constructing several chip factories on a 400-hectare site in Magdeburg. However, Intel officially abandoned the project in 2025 due to internal financial difficulties and a strategic shift to cost discipline, and the plans for the factory have been cancelled without further details on land disposition.
The cancellation of Intel's plans may necessitate adjustments to the development plans for the "High-Tech Park." The chip factory was intended to serve as a major anchor investment for the development, expected to have a significant impact on attracting further companies and suppliers to the area.
The site, considered ideally suited for the settlement of a large company, was initially intended for Intel's Giga-Fabrik in Magdeburg. The preparations made for Intel's factory have not been rendered useless due to the cancellation.
Regional officials, including Economy Minister Sven Schulze, have emphasized ongoing industrial development efforts but do not mention repurchasing Intel’s land. However, a new alternative investment with the Dresden-based chip manufacturer FMC establishing a factory in Magdeburg has been mentioned.
As of July 2025, there is no publicly available information indicating that the City of Magdeburg plans to repurchase the land initially intended for Intel’s cancelled factory. If you want the latest or more detailed local developments, it may be necessary to check regional government releases or local news sources directly.
The cancellation of Intel's plans for a chip factory in Magdeburg may have implications for the development of the "High-Tech Park." The impact on the anticipated attraction of further companies and suppliers to the area remains to be seen. The City of Magdeburg is working diligently to find a new large company to settle on the repurchased site and continue the development of the "High-Tech Park."
Community policy could involve the consideration of repurchasing the sites initially intended for Intel's cancelled chip factory, in order to attract a new large company for vocational training opportunities in technology, aligned with the development of a High-Tech Park. This might require Finance sector support in securing investments to foster Industry growth on the repurchased site.
