Sources: after postponing construction at the end of 2022, Intel seeks an extra €4B-€5B from Germany to build its chip plant, taking the expected cost to ~€30B
Intel Corp. is seeking an additional 4 billion to 5 billion euros in subsidies from the German government …
And another one. Corporate welfare is back in a big way! (actually never went away, but the EU and US have created a narrative that essentially says major corporates must be paid large sums of money to set up plants in their territory) https://www.bloomberg.com/...
Amid a steep decline in sales and zero capacity constraints, Intel is showing no enthusiasm for building its German fab absent some truly enormous subsidies. https://www.bloomberg.com/...