US chip maker intel in talks with Berlin over higher subsidies ...Middle East

Daily Sun - News
US chip maker intel in talks with Berlin over higher subsidies
MAGDEBURG, Germany (Bernama-dpa) -- Intel says it is in negotiations with the German government about increasing subsidies that Berlin is paying the US microchip manufacturer in connection with factories it is building in the German city of Magdeburg, reported news agency dpa.Additional funds are needed due to rising costs, an Intel spokesman said on Thursday. “We are working closely with the German federal government to close the existing cost gap,“ he added.A lot had changed since Intel announced its plans to build several factories for chip production in Magdeburg, he added: “Geopolitical challenges have grown, global demand for semiconductors has fallen, and increased construction costs,

Hence then, the article about us chip maker intel in talks with berlin over higher subsidies was published today ( ) and is available on Daily Sun ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.

Read More Details
Finally We wish PressBee provided you with enough information of ( US chip maker intel in talks with Berlin over higher subsidies )

Apple Storegoogle play

Last updated :

Also on site :



Latest News