Bavaria Negotiates Mega Factory with Intel
Bavaria, Germany's southernmost state, is in discussions with Intel to establish a European chip factory to alleviate supply constraints that have hindered automobile manufacturing, according to ministers. The US-based manufacturer has been pursuing 8 billion euros in government subsidies to establish a semiconductor manufacturing facility in Europe. A scarcity of semiconductors is causing problems for Europe's car manufacturers and may jeopardise Germany's economic recovery in the wake of the COVID-19 pandemic.
View full press release