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> It also said it would pause construction at its chip factory project in Germany for two years, a move Reuters had previously reported. The company plans to pa
by ckastner 2y ago
> It also said it would pause construction at its chip factory project in Germany for two years, a move Reuters had previously reported. The company plans to pause its project in Poland as well.
Just three days ago: Poland's Intel plant gets EU green light for $1.9B in state support [1].
Germany is subsidizing Intel with $11bn.
I'd be fuming.
[1]: https://news.ycombinator.com/item?id=41534763 https://news.ycombinator.com/item?id=41534763
- chmod775 2y agoThe subsidies are contingent on Intel building a plant. Germany's finance minister is already eyeing those 11b to balance books, because it looks like they won't be needed for now. This stuff rarely takes the form of the government writing a cheque, especially not upfront.
- ckastner 2y agoFair point. I wonder whether there are any "outs". DE and PL subsidized because they want fabs ASAP; if Intel can't hold up their end, why not cancel the deal and go with TSMC or Samsung instead.
- deleted 2y ago[deleted]