- Germany and Intel have agreed on subsidies worth €10 billion for a semiconductor manufacturing facility in eastern Germany.
- The package includes traditional aid and price caps on energy.
- The initial agreement was for €6.8 billion in government aid, but the enhanced package now agreed is worth €10 billion.
- Intel expects to spend €30 billion on the Magdeburg project.
Germany, Intel Agree Chip Plant Subsidies Worth €10 Billion
Germany and Intel Corp. sealed an agreement for the US company to receive subsidies worth €10 billion ($10.9 billion) for a semiconductor manufacturing facility in the eastern part of the country, according to people familiar with the deal.
Kamil Kowalcze
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