https://www.electronicsweekly.com/news/business/793299-2022-03/ * About Us * Contact Us * Advertise * Newsletter sign-up * Login / Register * Subscribe Electronics WeeklyElectronics Weekly Electronics Design & Components Tech News * * News * Business + Manufacturing + Distribution + Finance + Market Research + Information Technology * Markets + Automotive Electronics + Embedded Systems + Industrial Electronics + Internet of Things + Medical Electronics + Military/Aerospace Electronics + Power * Design + Communications + EDA and IP + Legislation & Skills + Research + Testing + University Electronics * Products + Analogue / Linear / Mixed Signal ICs + FPGA / PLD + LED Lighting + Microprocessors + Power Supplies + Raspberry Pi Development + RF & Microwave + Sensors & Opto + Single Board Computers + Test & Measurement * Blogs + Android + Electro Ramblings + Engineer In Wonderland + Gadget Master + Led Luminaries + Mannerisms + Viewpoints * Resources + EW Compare - Comparison Search Engine + EW-TV + Component search engine + Whitepapers, competitions & podcasts * Events + Calendar + Electronica + Elektra Awards + Embedded World + EW BrightSparks 2022 [Search... ] Home >> News >> Business Add to Bookmarks By David Manners 17th March 2022 Germany paying $5.5bn for Intel fab Germany is prepared to stump up over $5.5 billion in subsidies to secure the Magdeburg site for its $18.7 billion 2nm fab, reports Bloomberg. [AE4E3A5B-8343-469C-9] Intel's plan is to start building the fab next year and have it on-stream in 2027. Whether or not additional funds are available from the EU is not known. The European Chips Act is budgeted at $48 billion but where the money is coming from is uncertain. It seems that only EUR5 billion - or 15% of the Chips Act budget - is coming from direct EU funding and the rest has to be clawed back from already allocated spending. It has been suggested that already-allocated funds from the EUR95.5-billion Horizon Europe budget could be re-purposed. EC president Ursula Von der Leyen has said that, in addition, she'll find EUR12 billion from public/private sources. The EU has said that companies receiving state aid will face "public service obligations" like undertaking that in times of crisis, the EU can require companies to report stock levels and prioritise certain products. The EU could also implement export controls and launch joint purchasing schemes. Whether or not the agreement negotiated with Germany includes these obligations is not known, Intel says it expects 30% subsidies when it builds a fab, and CEO Pat Gelsinger says it costs 30-40% more to build a fab in Europe than in Asia. Recommended Articles * Manchester sky Imagination Technologies recruits engineers in Manchester * [2258EFD3-012F-4345-98C4-2E665686F9F5-300x] TI adds Sitara processors * [CE77878F-E25A-4ED6-B1BB-27F3A471B5AD-300x] Fujitsu and NEC to begin 6G trials with NTT and NTT DoCoMo * [6645C54D-0508-41E0-9F90-127939C3C6FB-300x] Intel and CEA-Leti accelerate D2W bonding EU Homepage Featured Articles Intel 2022-03-17 David Manners * tweet * * * Tagged with: EU Homepage Featured Articles Intel Get Electronics Weekly every day [ ] Subscribe Previous: UK network slicing trial completed Next: Quadric raises $21m Series B Leave a Reply Cancel reply Your email address will not be published. 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