Intel might be stuck paying a little extra for its billion-dollar chip factory in Germany.
The EU aims to double its semiconductor market share by 2030, reducing its dependence on foreign suppliers.
Lindner, a member of the Free Democrats Party, says he's"no great fan of subsidies", and is against any increase in financial support for Intel's facility. However, others in the German government don't agree with the finance minister, which has caused some internal bickering between officials as they try to work out next year's budget.
Chancellor Olaf Scholz said that the Intel facility was a"high priority" for the government and added that"subsidies are always paid for by the taxpayer, so we . . . have to weigh up carefully”. One of the alternative ideas that has been floated around is that instead of additional funds, the government could instead provide Intel with cheap electricity for its Magdeburg plant, which would drive down Intel's monthly costs for the facility.Chip chillers
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