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German Startup News – September 2024: Intel Halts €30B Fab & Magic AI Raises $320M
September 2024 across DACH: Intel pauses its €30B Magdeburg chip fab despite €10B in German government backing, Vienna's Magic AI raises $320M led by Eric Schmidt at a $1.5B valuation, and Flink expands across Europe.
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Why this episode matters: A month that captures Europe's chip-sovereignty dilemma and its AI ambition in the same breath — a paused mega-fab beside a Schmidt-backed AI unicorn.
In this episode, we cover:
Intel's paused €30B Magdeburg factory and what it means for Europe's chip ambitions
Magic AI's…
The skinny
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