HALF MOON BAY, Calif/FRANKFURT, Jan 17 (Reuters) - U.S. chip giant Intel Corp (INTC.O) is committed to building its chip fabrication plant, or fab, in Magdeburg, Germany and is working out funding details with the government, according to Chief Global Operations Officer Keyvan Esfarjani. “We are committed to making the Magdeburg project successful,” Esfarjani told Reuters on the sidelines of Industry Strategy Symposium, a chip conference by Semi last week in Half Moon Bay, California. When asked about Intel's investment, Germany's economy ministry's spokesperson told Reuters the government was in "constant exchange with Intel and the European Commission" about the project. In March Intel announced Magdeburg as the site for its new mega chip manufacturing complex, a key part of its $88 billion investment drive across Europe. Last week Italy's government also reiterated that it was determined to secure and investment by Intel.

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