Notebookcheck
, , , , , ,
search relation.
, , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,
 

Intel reportedly hints at multi-billion-dollar subsidies on planned EU and US factories

Intel might build new factories soon. (Source: Intel)
Intel might build new factories soon. (Source: Intel)
Intel had recently outlined plans to establish new plants in Europe, possibly in a bid to address the prevailing chipset-supply crisis. However, a new report suggest that the OEM expects something in return for the potential economic boost for the regions in question: namely, that European governments contribute up to €8 billion (US$9.7 billion) to the project in question.
, , , , , ,
search relation.
, , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,
 

Pat Gelsinger, Intel’s new CEO, has been quoted as stating that the company would require a subsidy of €8 billion (~US$9.7 billion) in total prior to building a new foundry in Europe (most likely located in Germany, Belgium, Luxembourg or the Netherlands). Furthermore, it may ask the US government for a public incentive of a similar magnitude in order to help make the envisioned Arizona plant a reality.

This is hardly the first time Intel has been associated with the extraction of public subsidies in exchange for siting its corporate buildings in certain locations; however, it is the first report of the OEM assigning a specific dollar (or euro, as in this case) value to such a measure.

On the other hand, Intel has subsequently denied that Gelsinger meant to put that precise a figure out there. Nevertheless, the company may still maintain that the EU (and the US) may need to make these kinds of outlays in order to decrease their reliance on semiconductor imports from predominantly Southeast Asia-based companies.

Buy a GMK NucBox2 on Amazon

Read all 2 comments / answer
static version load dynamic
Loading Comments
Comment on this article
, , , , , ,
search relation.
, , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,
 
Deirdre O'Donnell
Deirdre O'Donnell - Senior Tech Writer - 3706 articles published on Notebookcheck since 2018
I became a professional writer and editor shortly after graduation. My degrees are in biomedical sciences; however, they led to some experience in the biotech area, which convinced me of its potential to revolutionize our health, environment and lives in general. This developed into an all-consuming interest in more aspects of tech over time: I can never write enough on the latest electronics, gadgets and innovations. My other interests include imaging, astronomy, and streaming all the things. Oh, and coffee.
contact me via: LinkedIn
Please share our article, every link counts!
> Notebook / Laptop Reviews and News > News > News Archive > Newsarchive 2021 05 > Intel reportedly hints at multi-billion-dollar subsidies on planned EU and US factories
Deirdre O'Donnell, 2021-05- 2 (Update: 2021-05- 3)