Intel squeezes Germany for €5 billion more in subsidies
The US chip maker is determined to grab the most benefits possible from the EU's Chips Act.
This week Bloomberg reported that Intel is seeking to obtain more than 5 billion euros in public funds from Germany to subsidize their building a massive semiconductor plant in that country.
Officials... Read more
Member states reach agreement on €43 billion Chips Act
An insider source told Bloomberg that the member states of the European Union have reached an agreement on the Chips Act.
The Chips Act was proposed by the European Commission in February 2022. Brussels wants 20 percent of all chips worldwide to be produced in the European Union by 2030. The Ch... Read more
Cisco plans to open a new chip design center in Barcelona
The Spanish government says the facility will be built using EU funding.
Cisco Systems will open a new semiconductor chip design center in Barcelona, according to Reuters. The plan to open the new facility was announced by the office of Prime Minister Pedro Sanchez on Thursday, the report says.
... Read more
STMicroelectronics unveils €730 million chip plant in Italy
STMicroelectronics will develop a silicon carbide wafer facility in Italy for 730 million euros ($728 million), the first such project allowed as part of the European push to bring chip manufacturing closer to home.
Supply chain bottlenecks have caused mayhem in various global industries, includ... Read more
NXP: ‘Chips Act makes too little money available to reach target’
The support package for European chip makers won't be enough to reach the European Union's goal, according to NXP's CEO. The chip giant calculated that the market needs €500 billion in investments, while the support package only provides €43 billion.
The European Union wants to have a 20 pe... Read more
‘Italy and Intel prefer Veneto as the location for a new chip plant’
According to two people familiar with the matter, Italy's prime minister and Intel have chosen Vigasio in the northern Veneto area as their preferred location for a planned multibillion-euro chip facility in Italy.
Intel's commitment in Italy is part of a larger plan revealed by the US chipmaker... Read more
Intel to pump €15 billion into Arizona chip factories
Intel will invest €15 billion euros in the expansion of several chip factories in Arizona. The plan is a response to the CHIPS and Science Act. The new law unlocks more than €50 billion in subsidies for chip manufacturing and research in the United States.
Intel funds the expansion together... Read more
Qualcomm and GlobalFoundries sign billion-euro chip production deal
GlobalFoundries and Qualcomm extended their cooperation. GlobalFoundries' will produce chips for Qualcomm until at least 2028. According to the organizations, the deal is worth billions of euros.
GlobalFoundries is a foundry. Foundries invest in factories and equipment to produce customers' chip... Read more
‘Italy and Intel close in on €4.9 billion chip factory deal’
Intel and the Italian government are on the verge of finalizing a $5 billion (€4.9 billion) chip factory deal. Reuters learned the news from two insiders.
Intel announced plans to invest €80 billion in European chip production facilities back in 2021. The first phase kicked off in March 202... Read more
HPE will build a new HPC factory in the Czech Republic
HPE has announced a considerable investment in sovereign European computing: its first European plant, based in the Czech Republic and focused on producing next-generation HPE systems for HPC and AI applications, a week ahead of ISC High Performance 2022 (scheduled to be hosted in Hamburg, Germany)... Read more