Int...hell no: Country's not looking to expand its chip fab budget
Questionmarks are being raised over Intel's planned chip factory in Germany after the country's finance minister said there is no more money available for further subsidies to help build it.a site in Magdeburg in eastern Germany to build a new European"mega-fab" to manufacture its chips. Intel had agreed with the federal government that it would receive €6.8 billion in subsidies towards the project, said to amount to about 40 percent of the total construction costs.
with Berlin, plus partners such as NXP, Bosch, and Infineon for a new factory in Saxony, if subsidies are forthcoming." revamp, as detailed by CEO Pat Gelsinger in 2021. Intel also wants to expand manufacturing capacity by adding factories in Arizona.last year, which allowed European member states to stump up subsidies for companies willing to invest in chip manufacturing on their soil.
But since that time, Intel has been hit hard by falling revenues caused by slowing sales of everything from servers to laptops, amid the economic uncertainty caused by rising energy prices which are driving inflation. The company posted a $2.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Intel asks for more money to build its German megafab, government says neinIntel might be stuck paying a little extra for its billion-dollar chip factory in Germany.
Read more »
How Ukraine's Dam Collapse Could Become the Country's 'Chernobyl''The consequences to come will be for our children or grandchildren, just as we are the ones now experiencing the consequences of the Chernobyl disaster.'
Read more »
Country star announces international tour with date at The Garage in GlasgowA rising country star will be jetting to Glasgow next year as part of his international tour.
Read more »
Mir ruled out of Germany MotoGP round with injury as Honda woes continueHonda's Joan Mir has withdrawn from this weekend's MotoGP German Grand Prix after injuring his hand in a crash at Mugello.
Read more »
Mir ruled out of Germany MotoGP rounds with injury as Honda woes continue.JoanMirOfficial has withdrawn from this weekend's MotoGP GermanGP after injuring his hand in a crash at Mugello. He'll be the second Honda rider missing from this round alongside Alex Rins ⬇️
Read more »