Intel wants to settle in Europe, against 8 billion euros in subsidies

Intel is willing to set up a factory in Europe… But it will be necessary to extend the subsidies, warned the boss of the American giant of semiconductors, which asks for 8 billion euros.

Faced with the increasingly strong power of Asia in the production of semiconductors, the European Union wishes to weigh more. Thierry Breton, the European commissioner in charge of industrial and digital policy, has set himself an ambitious goal: the EU must represent, over the next decade, 20% of global chip production. The Union will not succeed alone, it needs industrial partners, and Intel says it is ready to make the necessary efforts … But not for free. The company is waiting for the EU to extend subsidies to the tune of 8 billion euros!

Ambitious European goal

Pat Gelsinger, chief executive of Intel, currently touring the old continent, was clear to the publication Politico. These billions of subsidies are ” what we ask of the American and European governments [pour] allow the project to be competitive for us here compared to Asia “. The host country could be Germany, moreover Gelsinger met the German Minister of the Economy, Peter Altmaier. But Intel is also eyeing one of the Benelux countries (Belgium, Luxembourg, the Netherlands).

Semiconductor shortage

The company announced a massive investment to deploy production capacity in the United States: $ 20 billion for two sites in the state of Arizona. Intel wants to take advantage of the awareness of the American and European governments vis-à-vis the current shortage of semiconductors, and the need to regain their sovereignty in this extremely sensitive sector.