TSMC, one of the world’s largest chip manufacturers, said that it would not open a factory in Europe. Upon this Germany factory move for from Intel came. Intel, Europe’s largest chip factory will receive land and financial support from Germany for
Intel and Germany agree to massive chip factory
According to the news in The Register, Intel and Germany finally managed to reach an agreement for the huge chip factory. The chip production facility planned to be established in Magdeburg, Germany, $19 billion will cost. However, according to the statement in the German Bundestag, 40 percent of the factory ($7.3 billion) will be subsidized.
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Intel, which is still waiting for a subsidy from the US Congress for the chip factory to be established in two separate regions of the USA (Ohio and Arizona), managed to receive financial aid of 7.3 billion dollars from Europe. The statement on the subject was made by Martin Kröber, Magdeburg’s representative in the Bundestag.
According to the details shared by Martin Kröber, for the factory Intel will establish in Germany $2.5 billion support already prepared. But the government wants to subsidize more than the 2022 budget and offer $7.3 billion in support by 2027.
Construction for the chip plant to be established in Magdeburg will begin in 2023. The construction of the facility, which will take approximately four years, the size of two football fields is intended to be. Intel is planned to employ 3,000 people in the region.
In addition to the German factory announced in March, Intel has some pretty big plans for Europe. In a statement given by Intel CEO Pat Gelsinger; in france an R&D and design centre, in Poland, Spain and Italy On the other hand, it was announced that a production and chip packaging factory will be established. The cost of all these investments is 36 billion dollars will be.
As Intel expands its European operations, rival TSMC on the other hand, it follows the opposite policy. TSMC, which produces chips for companies such as Apple, AMD and Nvidia, stated that it does not have concrete plans for Europe. Europe has to rely less on the company’s operations, according to TSMC President Mark Liu.
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