BR100 Increased By (1.12%)
BR30 Increased By (1.5%)
KSE100 Increased By (1.07%)
KSE30 Increased By (1.06%)
BECO 5.66 Increased By ▲ 0.08 (1.43%)
BML 61.70 Increased By ▲ 0.48 (0.78%)
BOP 34.67 Increased By ▲ 0.99 (2.94%)
CNERGY 8.17 Increased By ▲ 0.09 (1.11%)
DCL 12.05 Increased By ▲ 0.41 (3.52%)
FCCL 53.42 Increased By ▲ 1.28 (2.45%)
FCSC 5.70 Increased By ▲ 0.07 (1.24%)
FFL 18.16 Increased By ▲ 0.15 (0.83%)
FNEL 1.38 Increased By ▲ 0.03 (2.22%)
HUMNL 11.26 Increased By ▲ 0.22 (1.99%)
KEL 7.95 Increased By ▲ 0.11 (1.4%)
KOSM 6.07 Increased By ▲ 0.34 (5.93%)
MLCF 89.21 Increased By ▲ 2.70 (3.12%)
NBP 186.50 Increased By ▲ 2.20 (1.19%)
PACE 11.81 Increased By ▲ 0.16 (1.37%)
PAEL 41.10 Increased By ▲ 1.14 (2.85%)
PIAHCLA 26.14 Increased By ▲ 0.47 (1.83%)
PIBTL 17.50 Increased By ▲ 0.23 (1.33%)
PPL 224.95 Increased By ▲ 2.28 (1.02%)
PRL 34.59 Increased By ▲ 0.13 (0.38%)
PTC 64.67 Increased By ▲ 0.93 (1.46%)
SEARL 91.30 Increased By ▲ 0.84 (0.93%)
SSGC 27.09 Increased By ▲ 0.42 (1.57%)
TELE 9.03 Increased By ▲ 0.12 (1.35%)
THCCL 69.13 Increased By ▲ 0.66 (0.96%)
TPLP 11.35 Increased By ▲ 0.15 (1.34%)
TREET 24.84 Increased By ▲ 0.14 (0.57%)
TRG 70.85 Increased By ▲ 0.26 (0.37%)
WAVES 11.55 Increased By ▲ 0.44 (3.96%)
WTL 1.28 Increased By ▲ 0.01 (0.79%)
Business & Finance

Intel seeks 8bn euros in subsidies for European chip plant

  • "What we're asking from both the US and the European governments is to make it competitive for us to do it here compared to in Asia," Gelsinger told Politico Europe in an interview.
Published April 30, 2021 Updated April 30, 2021 04:52pm
By

US chipmaker Intel is seeking 8 billion euros ($9.7 billion) in public subsidies towards building a cutting-edge semiconductor manufacturing site in Europe, Chief Executive Pat Gelsinger was quoted on Friday as saying.

"What we're asking from both the US and the European governments is to make it competitive for us to do it here compared to in Asia," Gelsinger told Politico Europe in an interview.

A spokesman for Intel confirmed the interview took place on Friday in Brussels, where Gelsinger was due to meet European Commissioner Thierry Breton for talks on semiconductor strategy.

Comments

Comments are closed for this article.