In mid-March Intel announced a €17 billion investment to build two new chip factories in the City of Magdeburg. Intel’s decision is part of a €33 billion initial investment in Europe to create “a next-generation European chip ecosystem” and help tackle the ongoing global shortage of semiconductors. Why was Magdeburg the right location for Intel and what factors led Magdeburg to try to get Intel to build its plant in Magdeburg? What impact will Intel’s decision have on Magdeburg and the surrounding area? How will these factories help address the chip shortage and dependency on Asian suppliers?
Join us on May 25 for a conversation with Sandra Yvonne Stieger, Deputy Mayor for Economy, Tourism, and Regional Cooperation for the City of Magdeburg, and Greg Slater, Vice President and Senior Director, Global Regulatory Affairs at Intel Corporation, about transatlantic economic cooperation on an issue of strategic importance to both countries.
Sandra Yvonne Stieger was elected in 2020 to the position of Deputy Mayor for Economy, Tourism, and Regional Cooperation of Magdeburg, the state capital of Saxony-Anhalt. Before that, she served as Managing Director of the municipal company Magdeburg Marketing Kongress and Tourismus GmbH, responsible for the marketing of Magdeburg, the city’s tourist attractions and major sights. After completing her studies in economics at Otto von Guericke University Magdeburg in 2004 with a Master’s degree in business administration, she worked at the university, first as a research assistant, then as a project manager for a federal research project.
Greg Slater is Vice President and Senior Director, Global Regulatory Affairs at Intel Corporation. He has also served as Global Director of IP, Standards, and Competition Policy, Counsel to the President, Global Director of Trade and Competition Policy, Group General Counsel for Intel’s Corporate Services Division, and has managed the legal aspects of Intel’s environmental, health and safety issues worldwide. He received his Bachelor of Science from Brigham Young University and his J.D. from J. Reuben Clark Law School.