Intel holding Germany to ransom
 

Give us more subsidy or we will take our foundry somewhere else

Intel is seeking to extract more financial subsidies for its German factory, whose construction is currently on hold.

Bloomberg reported that Intel is seeking an additional 4 billion to 5 billion euros in subsidies from the German government to build a chip manufacturing complex in the country.

This is on top of the $7 billion which the Germans had already agreed to pay. Intel claims that its new calculations showing it needed almost 10 billion euros of government funding.

In September 2021 CEO Pat [kicking] Gelsinger said Intel could potentially invest as much as 80 billion euros to expand chip production in Europe.

https://fudzilla.com/news/pc-hardwar...many-to-ransom