Foreign
ROBERT Habeck said U.S. tech giant Intel’s decision to postpone plans to build a major chip factory in Germany won’t change the government’s strategy around building up semiconductor production in Europe.
The German vice Chancellor Robert Habeck said this on Tuesday that Intel’s decision had to do with corporate policy and financial requirements, but that the German government has “done our homework’’ on attracting chipmakers.
Habeck said he expected imminent European Commission approval for Germany’s scheme of state subsidies aimed at the sector, and said Germany’s goals remain unaltered in spite of the Intel decision.
The decision was made on Monday.
“After all, the strategy is not focused on a single company, but on ensuring that we have economic security, that we also have a certain level of expertise in this critical industrial sector in Europe and are not 100 per cent dependent on south-east Asian markets,’’ said Habeck, a Green.
The German government plans to subsidise the Intel plant in the city of Magdeburg with around 10 billion euros (11 billion dollars).
The money is supposed to come from Germany’s Climate and Transformation Fund (KTF), which is set aside for environmental projects as well as efforts to boost important technologies.
Around 4 billion euros have been earmarked for Intel from the KTF in this year’s budget.
“We will discuss behind the scenes in the government how to proceed with the reserved funds,’’ said Habeck. (dpa/NAN)
17th September, 2024.
C.E.
Tags: Robert Habeck
