19 Jul, 2024

Intel and TSMC could lose billions in chip factory funding thanks to stalled German budget, Intel construction is already underway

Subsidies that multinational chipmakers are set to receive to build their fabs in Europe will come from two sources: the European Union itself, as part of the European Chips Act approved in July, and individual states. So far, Germany has promised $22 billion in incentives to chipmakers like Intel and TSMC, which is why the companies announced plans to build fabs there. […]

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