OEMs, suppliers and EU officials are considering how best to develop Europe’s semiconductor supply bases to mitigate current and future shortages, but the broad gaps at many levels – including for older, larger chips – mean there will be no magic bullet
Intel Corp wants 8 billion euros (US$9.7 billion) in public subsidies toward building a semiconductor factory in Europe, chief executive officer Pat Gelsinger was cited as saying on Friday, as the region seeks to reduce its reliance on imports amid a shortage of supplies.
The pitch is the first time that Gelsinger has publicly put a figure on how much state aid he would want, as Intel campaigns to take on Asian rivals in contract manufacturing.
“What we’re asking from both the US and the European governments is to make it competitive for us to do it here, compared to in Asia,”
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Please wait. What we re asking from both the U.S. and the European governments is to make it competitive for us to do it here compared to in Asia, Gelsinger told Politico Europe in an interview. Politico cited Gelsinger saying that he was seeking roughly 8 billion euros in subsidies. The company later distanced itself from the report, saying he had not given a specific figure, although he had made it clear that EU leaders needed to invest to ensure a vibrant semiconductor industry. Gelsinger, on his first European tour since taking charge, met European Commissioner Thierry Breton in Brussels on Friday. The visit followed the launch of a plan for Intel to invest $20 billion in chip production in the United States.
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.
30-04-2021 )
CEO of Globalfoundries, Sanjay K. Jha (L-R), German Chancellor Angela Merkel, German Education Minister Johanna Wanka (CDU), Managing Director of Globalfoundries Fab1, Rutger Wijburg, and Saxony s Minister-President Stanislaw Tillich examine the cleanroom through a window on the site of the company Globalfoundries Fab1 in Dresden, Germany, 14 July 2015. [EPA/ARNO BURGI]