Intel Seeks EUR 8 Billion in Subsidies for European Chip Plant
The pitch is the first time Intel CEO Pat Gelsinger has publicly put a figure on how much state aid he would want. By Reuters | Updated: 1 May 2021 12:29 IST
Photo Credit: Reuters
Highlights
Pat Gelsinger went on his first European tour
Intel CEO s visit followed the plan to invest $20 billion in the US
Intel wants EUR 8 billion ($9.7 billion or roughly Rs. 71,249 crores) in public subsidies towards building a semiconductor factory in Europe, its CEO was cited as saying on Friday, as the region seeks to reduce its reliance on imports amid a shortage of supplies.