The Limited Times

Now you can see non-English news...

Intel manager calls for state aid for chip production

2021-06-23T11:46:21.781Z

New factories are needed to meet the great demand for computer chips. But where should they be built? The semiconductor companies use the situation to advertise for subsidies.



Enlarge image

Intel headquarters in Santa Clara: Bavaria is hoping for the contract

Photo: Andrej Sokolow / dpa

The US corporation Intel has again spoken out in favor of state aid for the manufacture of semiconductors. "A favorable environment should be created that enables chip manufacturers to be competitive with manufacturing in Europe," Germany boss Christin Eisenschmid told the editorial network Germany. Production in Asia is 40 percent cheaper than in Europe. Most of this comes from subsidies, which has been part of the industrial strategy of governments for many years. "A similar funding policy is also essential in order to manufacture more semiconductors in Europe," Eisenschmid was quoted as saying.

The US group currently operates a chip factory in Ireland and is looking for another location in Europe.

The prerequisite, however, is that the public sector provides funding in the billions.

Bavaria is hoping for a settlement.

The demand for the computer chips is currently so high that production is insufficient.

As a result, German carmakers have had to cut back on their production several times.

mik / dpa

Source: spiegel

All business articles on 2021-06-23

You may like

Life/Entertain 2021-05-04T23:15:56.300Z
Life/Entertain 2021-03-04T09:07:33.707Z

Trends 24h

Business 2021-07-25T14:20:52.638Z

Latest

© Communities 2019 - Privacy