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Germany Refuses to Increase Subsidies for Intel’s Fab

Intel’s fab, due near Magdeburg, Germany, promises to be Europe’s largest and most advanced semiconductor manufacturing facility, but costs are rising and Intel recently received more funding from the country’s government. He expressed his desire to receive a subsidy. However, authorities are reportedly reluctant to provide more funding to the company because the budget is short of money. financial times.

German Finance Minister Christian Lindner told the Financial Times that “there is no more money in the budget”. “We are now trying to consolidate rather than expand the budget.”

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