Plus: Taiwan dangles investment in semiconductor production in EU – but there's a catch
Intel has agreed a deal with the German government for €10 billion in subsidies for a new chip plant in the country, despite Germany's finance minister saying just last week that it would not offer more cash.The German federal government and the Santa Clara chipmaker have signed a revised letter of intent regarding the planned wafer fabrication facility to be built at Magdeburg in the state of Saxony-Anhalt, Intel confirmed shortly before publication.
"We're grateful to the German federal government, Chancellor Olaf Scholz and the government of Saxony-Anhalt for their partnership and shared commitment to fulfilling the vision of a vibrant, sustainable, leading-edge semiconductor industry in Germany and the EU," he said in a statement.invest $25 billion
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