A few days ago we saw that Intel had asked the German government for more money as a grant that, as we know, will be used to build a semiconductor plant in Magdeburg (Germany). Having a semiconductor plant is good news for the destination country, since it not only generates employment and wealth, but also represents an important advantage considering the importance of chips in our society.
Some may think that I exaggerate, but we can safely say that our society would not exist without semiconductorsand that the disappearance of these would be practically like going back to the fifties, to the time of vacuum tubes, relays and computers that occupied entire rooms and used micro-perforated cards.
History aside, in the end it looks like Intel has gotten away with it. The German government said that it was not going to give more money to the Santa Clara giant, but we can confirm that both have entered into a round of negotiations and that in the end everything seems to indicate that the Santa Clara giant will get much more money than initially expected. To give you an idea, initially «alone” were going to receive 6,800 million eurosand in the end it will take 9,900 million euros.
According to the source of the news, the Federal Minister of the Economy, Robert Habeck, has been working hard for the negotiations to come to fruition, and to get the money Intel is asking for. If all goes according to plan, the CEO of the company, Patt Gelsinger, He will sign the agreement this Monday, and everything will be perfectly tied.
Intel will continue to expand its semiconductor manufacturing facilities in Europe, and Poland is said to be its next target. In theory, said country would have been chosen by the company for the construction of a semiconductor manufacturing plant that would have an approximate cost of 4,600 million euros.
The plant will be located in Wroclaw, will create about 2,000 jobs in said area and will be used to cut the chip wafers manufactured in the facilities that Intel has in Germany and Ireland, and to test them, that is why the investment will be “only” 4,600 million euros.
