Intel wants 8 billion euros in subsidies to build a factory in Europe

BRUSSELS / BERLIN (Reuters) – Intel is seeking eight billion euros in public subsidies to build a semiconductor plant in Europe, CEO Pat Gelsinger said on Friday, amid a global shortage of electronic components.

“What we are asking from the American and European governments is to allow it (the project) to be competitive for us here compared to Asia,” he said in an interview with the English-speaking media based. at Brussels Politico Europe.

An Intel spokesperson confirmed that the interview took place in Brussels on Friday, where Pat Gelsinger was due to meet with EU Commissioner Thierry Breton for talks on semiconductors.

The new chief executive of Intel, which is making its first tour of Europe, said last month it wants to significantly expand the chip production capacities of the US semiconductor giant.

Intel plans in particular an investment of 20 billion dollars (16.5 billion euros) to build two sites in the American state of Arizona and to open its factories to external customers.

In addition to the planned investment plan in the United States, Intel is looking for a location for a factory on the Old Continent which, according to it, would support Thierry Breton’s objective of doubling Europe’s share in the global production of chips at 20% over the next decade.

The head of Intel, who met German Economy Minister Peter Altmaier on Thursday, said, according to reports, that Germany would be a suitable destination for a possible European plant.

“Geopolitically, if you are in Europe, you want to be in continental Europe,” he told Politico.

“We believe that Germany is a good candidate – not the only one, but a good candidate – with which we could strengthen our production capacities”, he said, also citing an interest in the Benelux countries (Belgium , Netherlands and Luxembourg).

In Germany, Pat Gelsinger also met with executives from automaker BMW and telecom operator Deutsche Telekom, Intel said.

According to sources, he also visited Volkswagen headquarters. The information, however, has not been confirmed by Intel.

VW CEO Herbert Diess said on Friday the automaker plans to design and develop its own chips for autonomous vehicles.

(Douglas Busvine; French version Claude Chendjou, edited by Jean-Stéphane Brosse)

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