Intel will delay construction of its planned German chip plant and is seeking more in government subsidies, Bloomberg’s Jillian Deutsch reports, citing Volksstimme. The U.S.-based chipmaker earlier this year announced plans for a mega site worth EUR17B, or $18B, in Magdeburg. Construction was set to begin by mid-2023, and the government planned to provide EUR6.8 billion in state aid. The cost has now risen to EUR20 billion, according to Volksstimme. Reference Link
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