For the construction of a factory in Europe Intel wants 8 billion euros in aid

Last week we discussed this European Union plan. With regard to electronic chips and to get out of the dependence on American and Asian companies, the organization wants to set up a large electronic chip factory in Europe. Enough to achieve his goal: to increase the proportion of locally produced advanced semiconductors to 20% by 2030.

On the way to founding a factory in Germany?

For this reason, the European market leaders turn to the most important players in the industry such as TSMC or Intel. The American company has commented on this issue. Pat Gelsinger told our colleagues from Politico Europe on the sidelines of his meeting with EU Commissioner Thierry Breton. No less than eight billion euros in public subsidies are required to build a semiconductor factory on the old continent.

His words, picked up by Reuters, could not be clearer: “We demand from the American and European governments that the project here is competitive for us compared to Asia.” The tech giant is aware of this important industrial problem and has already announced a € 16.5 billion investment to build two new manufacturing facilities in Arizona.

For Europe, Intel would support the idea of ​​building its plant in Germany. Pat Gelsinger specifies on this subject: “We believe that Germany is a good candidate – not the only one, but a good candidate – with whom we can strengthen our production capacities. He also names Belgium, the Netherlands and Luxembourg as good options.

The Intel leader also used his trip to Germany to meet the BMW and Deutsche Telekom leaders. These two companies operate in sectors currently affected by the semiconductor shortage. According to Reuters sources, he also visited the headquarters of Volkswagen, a company that plans to manufacture its own semiconductors for the manufacture of autonomous vehicles.

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