skip to content
Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
post

Intel Calls For €8 Billion In Subsidies To Build Chip Plant In Europe

- Advertisement -

Gelsinger said Germany would be a suitable location for a potential European foundry

Intel, Digital India

Amid a global crisis for semiconductor chips, Intel is now looking for public subsidies worth €8 billion to build a chip factory in Europe. This comes as the EU’s plans to reduce its reliance on imports. 

- Advertisement -

According to Reuters, the pitch is the first time CEO Pat Gelsinger has publicly put a figure on how much state he would want, as Intel pursues a multibillion-dollar drive to take on Asian rivals in contract manufacturing.

In an interview with Politico Europe, Gelsinger told, “What we’re asking from both the U.S. and the European governments is to make it competitive for us to do it here compared to in Asia.” 

Germany as a potential location

In a recent meeting with European Commissioner Thierry Breton for talks on semiconductor strategy, Gelsinger discussed his plans.  

European Commissioner Thierry Breton is gearing up to attract a major foreign chipmaker into the region to take forward his vision of making the EU capable to produce its own chips, which has unnerved home-grown players. Breton is also reportedly discussing the creation of a European semiconductor alliance that would bundle their interests.

Gelsinger is also reportedly prospecting for a location for a plant in Europe that he says would back Breton’s goal of doubling the region’s share of global chip output to 20 per cent over the next decade.

In a series of tweets, Breton said, “To meet current & future semiconductor industry demand, Europe will drastically increase production capacity – both on its own and through selected partnerships to ensure the security of supply.” 

Gelsinger additionally said Germany would be a suitable location for a potential European foundry.

“We think of Germany as a good candidate – not the only, but a good candidate – for where we might build our fabrication capabilities,” he said, also indicating interest in the Benelux countries,” he said in an interview. 

- Advertisement -

Most Popular Articles

Honda, Nissan End $60B Merger Deal Amid Disagreements

0
Scrapping $60 billion merger talks, Nissan and Honda, despite setbacks, continue collaborating on tech while seeking new partnerships to survive. Nissan and Honda have called...

BYD Partners With DeepSeek For Smart Driver Assistance Tech

0
Challenging rivals like Tesla in China with competitive prices, BYD partners with AI firm DeepSeek to launch budget-friendly, advanced driver-assistance tech. Chinese electric vehicle...

Ola Electric Leads EV 2W Market

0
The EV 2W market in Q3 FY25 with a 25.5% share, ₹1,069 Cr revenue, 20.8% gross margin, 84,029 units delivered, new Gen 3 S1...

Modi’s US Visit, Talks With Trump And Elon Musk Focus On Trade And Tech

0
Meeting the President and Elon Musk, Modi's first US visit after Trump's return sparks key talks on semiconductor trade and AI while expanding Starlink...

Altair, LTTS Launch Advanced Wireless Tech Centre In Bengaluru

0
Powering innovation in telecommunications, smart factories, connected vehicles, and more, Altair and LTTS unveil an advanced 5G-6G centre of excellence in Bengaluru. Tech company...
Sridhar Kaip, CEO, SFAL

“Many Startups Selected Under DLI Are Part Of SFAL’s Portfolio” – Sridhar Kaip, SFAL

0
With a vision to enable companies to develop semiconductor IPs in India, the Semiconductor Fabless Accelerator Labs (SFAL) has incubated five fabless design startups...
Anshuman Divyanshu, CEO, Exicom

“Our Chargers Are Fully Interoperable and Compatible with All Vehicles” – Anshuman Divyanshu, Exicom

0
Battery safety and longevity, the effects of charging and discharging, and various safeguards and features are among the most critical considerations for a battery...
Khushal Panchal,  chief operating officer (COO), PCB Power

“We Differentiate Ourselves By Producing Radio Frequency PCBs For Wireless Communication Devices” – Khushal...

0
With technology and policy support, Indian PCB manufacturing is at a turning point. Can innovation and scale match global giants? PCB Power leads the...
Jayesh Ranjan IAS, Special Secretary, Department of Industries and Commerce and ITE&C, Government Of Telangana

“To Compensate For Telangana’s Lack Of A Wet Port,Our Incentives Help ESDM And Semiconductor...

0
Despite logistics challenges, how is Telangana securing billion-dollar investments in electronics? Will the state unveil a new semiconductor policy soon? Jayesh Ranjan, IAS, from...
Shrinivas Kulkarni CFO, Cyient DLM

“Acquisitions That Help Address Gaps In Our Design Capabilities….. Interest Us” – Shrinivas Kulkarni,...

0
Over the past five years, Cyient DLM (formerly Rangsons Electronics), a subsidiary of Cyient Limited, has rapidly expanded its footprint in the design-led manufacturing...
Sridhar Kaip, CEO, SFAL

“Many Startups Selected Under DLI Are Part Of SFAL’s Portfolio” – Sridhar Kaip, SFAL

0
With a vision to enable companies to develop semiconductor IPs in India, the Semiconductor Fabless Accelerator Labs (SFAL) has incubated five fabless design startups...

Meridian Joins Altair’s Startup Programme To Boost UAV Tech

0
Eyeing to drive innovation in UAVs and hybrid power tech with simulation tools and expert support, Altair teams up with Meridian Flight Systems in...

Mitsubishi Electric Acquires Stake In Itanta Analytics Startup

0
Aiming to boost manufacturing digitalisation and efficiency with simplified automation solutions, Mitsubishi Electric India invests in Itanta Analytics to develop no-code data analysis tools....

Union Budget 2025-26: What It Has For The Electronics Sector?

0
With reduced and exempted duties, tax relief for manufacturing, and increased support for startups, this Budget addresses a broader range of issues within the...

IndiaAI Mission Expands To 18,693 GPUs For R&D

0
Aiming to support R&D and ethical AI, Union Minister Ashwini Vaishnaw announced the expansion of IndiaAI’s GPU infrastructure to 18,693 to benefit startups and...

Industry's Buzz

Honda, Nissan End $60B Merger Deal Amid Disagreements

0
Scrapping $60 billion merger talks, Nissan and Honda, despite setbacks, continue collaborating on tech while seeking new partnerships to survive. Nissan and Honda have called...

BYD Partners With DeepSeek For Smart Driver Assistance Tech

0
Challenging rivals like Tesla in China with competitive prices, BYD partners with AI firm DeepSeek to launch budget-friendly, advanced driver-assistance tech. Chinese electric vehicle...

Ola Electric Leads EV 2W Market

0
The EV 2W market in Q3 FY25 with a 25.5% share, ₹1,069 Cr revenue, 20.8% gross margin, 84,029 units delivered, new Gen 3 S1...

Modi’s US Visit, Talks With Trump And Elon Musk Focus On Trade And Tech

0
Meeting the President and Elon Musk, Modi's first US visit after Trump's return sparks key talks on semiconductor trade and AI while expanding Starlink...

Altair, LTTS Launch Advanced Wireless Tech Centre In Bengaluru

0
Powering innovation in telecommunications, smart factories, connected vehicles, and more, Altair and LTTS unveil an advanced 5G-6G centre of excellence in Bengaluru. Tech company...

Learn From Leaders

Sridhar Kaip, CEO, SFAL

“Many Startups Selected Under DLI Are Part Of SFAL’s Portfolio” – Sridhar Kaip, SFAL

0
With a vision to enable companies to develop semiconductor IPs in India, the Semiconductor Fabless Accelerator Labs (SFAL) has incubated five fabless design startups...
Anshuman Divyanshu, CEO, Exicom

“Our Chargers Are Fully Interoperable and Compatible with All Vehicles” – Anshuman Divyanshu, Exicom

0
Battery safety and longevity, the effects of charging and discharging, and various safeguards and features are among the most critical considerations for a battery...
Khushal Panchal,  chief operating officer (COO), PCB Power

“We Differentiate Ourselves By Producing Radio Frequency PCBs For Wireless Communication Devices” – Khushal...

0
With technology and policy support, Indian PCB manufacturing is at a turning point. Can innovation and scale match global giants? PCB Power leads the...
Jayesh Ranjan IAS, Special Secretary, Department of Industries and Commerce and ITE&C, Government Of Telangana

“To Compensate For Telangana’s Lack Of A Wet Port,Our Incentives Help ESDM And Semiconductor...

0
Despite logistics challenges, how is Telangana securing billion-dollar investments in electronics? Will the state unveil a new semiconductor policy soon? Jayesh Ranjan, IAS, from...
Shrinivas Kulkarni CFO, Cyient DLM

“Acquisitions That Help Address Gaps In Our Design Capabilities….. Interest Us” – Shrinivas Kulkarni,...

0
Over the past five years, Cyient DLM (formerly Rangsons Electronics), a subsidiary of Cyient Limited, has rapidly expanded its footprint in the design-led manufacturing...

Startups

Sridhar Kaip, CEO, SFAL

“Many Startups Selected Under DLI Are Part Of SFAL’s Portfolio” – Sridhar Kaip, SFAL

0
With a vision to enable companies to develop semiconductor IPs in India, the Semiconductor Fabless Accelerator Labs (SFAL) has incubated five fabless design startups...

Meridian Joins Altair’s Startup Programme To Boost UAV Tech

0
Eyeing to drive innovation in UAVs and hybrid power tech with simulation tools and expert support, Altair teams up with Meridian Flight Systems in...

Mitsubishi Electric Acquires Stake In Itanta Analytics Startup

0
Aiming to boost manufacturing digitalisation and efficiency with simplified automation solutions, Mitsubishi Electric India invests in Itanta Analytics to develop no-code data analysis tools....

Union Budget 2025-26: What It Has For The Electronics Sector?

0
With reduced and exempted duties, tax relief for manufacturing, and increased support for startups, this Budget addresses a broader range of issues within the...

IndiaAI Mission Expands To 18,693 GPUs For R&D

0
Aiming to support R&D and ethical AI, Union Minister Ashwini Vaishnaw announced the expansion of IndiaAI’s GPU infrastructure to 18,693 to benefit startups and...