Foreign media: Germany may refuse to increase subsidies for Intel's factory construction

On June 12th, according to foreign media reports, German Finance Minister Christian Lindner recently stated that the budget cannot provide more funds to meet Intel's requirements. We are currently working to integrate the budget, rather than expanding it, "he said

On June 12th, according to foreign media reports, German Finance Minister Christian Lindner recently stated that the budget cannot provide more funds to meet Intel's requirements. We are currently working to integrate the budget, rather than expanding it, "he said.

It is reported that Intel announced last year that it would build a new chip manufacturing plant in the central German city of Magdeburg, with an estimated investment of 17 billion euros. This is also part of Intel's investment plan totaling 88 billion euros in multiple European countries.

Foreign media reported that the German government had previously approved a subsidy of 6.8 billion euros for Intel. Subsequently, Intel requested the German government to increase more subsidies on the grounds of rising energy and construction costs.

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