As you understand, there’s a plan for Intel to arrange a chip manufacturing plant in Germany. The chosen website is Magdeburg, however a grain of sand has been put within the gears – what can I say? A pebble within the large’s shoe! The penalties of the conflict in Ukraine (and sanctions) are already being felt.
Germany says ” nein” to Intel’s demand for extra subsidies!
Intel’s plan to arrange store in Germany is nothing new, as we advised you again in june 2021. Since then, nonetheless, water has flowed below the bridge, and up to date occasions, such because the conflict in Ukraine, have severely sophisticated issues. Inflation, rising prices for vitality and supplies, and labor shortages are simply a few of the elements… All that is forcing Intel to revise its funds upwards.
Last March, for instance, Intel requested the German authorities for extra subsidies. Initially, the corporate’s set up was backed to the tune of 6.8 billion euros. Recently, for the explanations outlined above, Intel requested for 10 billion euros.
The German Minister for Economic Affairs is barely now responding, and his reply is as follows:
“We don’t have any more cash accessible for the funds. We are at present attempting to consolidate it, not broaden it.”
Hard blow for Intel. It stays to be seen how the corporate will react, and what affect this determination may have on its European presence. Since this German website should be one of the crucial superior on the planet, able to exploiting the 18A blueprint course of. In-house, new-generation EUV (Extreme UltraViolet) lithography tools is to be put in. In quick, a matter to be adopted, nevertheless it doesn’t look good.
