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Berlin to sign agreement with Intel after chip plant talks

Tan KW
Publish date: Mon, 19 Jun 2023, 05:14 PM
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BERLIN - The German government scheduled the signing of an agreement with Intel for 1245 GMT on Monday, capping off talks over a new chip-making complex on German soil.

Berlin has not confirmed how much state funding the company is set to receive for the project in the central German city of Magdeburg.

The Handelsblatt business daily reported last week thatthe U.S. company is expected to receive 9.9 billion euros($10.84 billion) in subsidies, up from a previously promised sumof 6.8 billion euros.

 


  - Reuters

 

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