Intel is seeking $10 in subsidies for the establishment of new chip plant in Europe
Intel CEO Pat Gelsinger arrived in Europe for a series of inspections and visits and met with relevant people in the EU political and business circles. This trip is to explore the possibility of Intel establishing a new chip plant in the European continent.
According to Reuters, Pat Gelsinger said in an interview with the media that Intel is committed to building a technologically leading chip plant in Europe, but it needs a subsidy of $9.7 billion. At the same time, he believes that Germany is a very suitable place for Intel to build a new plant, and of course, it is not the only candidate location. Intel’s plant location also includes Belgium, the Netherlands, and Luxembourg. Because the cost of building semiconductor production facilities in the United States and Europe is high, Intel must enjoy lower taxes, labor costs, and government incentives to compete with TSMC and Samsung.
In Intel’s IDM 2.0 strategy, Intel Foundry Services (IFS) will be established, largely to provide capacity for customers in the United States and throughout Europe.
On the other hand, Intel also intends to sell some edge businesses. According to a report by Sportico, Intel is considering selling its sports technology division, which is engaged in projects including True View, and currently uses True View volumetric photography technology to produce 360-degree videos for broadcasters in 19 NFL stadiums. Intel seems to focus more on its core products, these non-core areas will be sold or discontinued.
