Intel is considering chip factory in Germany or the Benelux but wants 8 billion euros

Intel wants at least 8 billion euros in subsidy for the construction of a European chip factory, CEO Pat Gelsinger announced on Friday. He mentioned Germany and the Benelux as suitable countries for the chip facility.

Gelsinger mentioned the amount in an interview with Politico, stating that he is asking the US and Europe to make it competitive for Intel to locate factories in these regions and not in Asia. Without subsidies, Asia would be a more attractive location. The Intel CEO said he found Germany a good candidate to set up a new chip factory, but he also showed interest in the Benelux, Reuters writes.

The Intel CEO is in Europe to speak with, among others, European Commissioner for the Internal Market Thierry Bretton. That let know that it had been an in-depth discussion and that the EU is determined to be responsible for 20% of global chip production by 2030. “We are improving European industry and strengthening transatlantic ties and links with trusted global partners,” said Bretton. He also spoke with TSMC President Maria Marced and called that a ‘good exchange’.

The talks are part of Europe’s goal to double its share of global semiconductor production by 2030. Bretton also spoke with Samsung on Friday.