19 Jul, 2024

Germany vows to subsidize Intel and TSMC fabs despite budget crisis — billions in funding still in limbo

The German government is committed to supporting the construction of chip fabs by Intel, TSMC, and Wolfspeed, despite facing financial challenges due to a budget crisis, reports HardwareLuxx. In fact, Intel and Wolfspeed have already received firm funding commitments from the government. “The decisive sentence is, all projects that we have conceived must be made possible,” said Robert Habeck, Minister […]

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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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