Intel To Spend $33 Billion in Germany in Landmark Expansion (reuters.com) 12
Intel will invest more than 30 billion euros ($33 billion) in Germany as part of its expansion push in Europe, the U.S. company said on Monday, marking the biggest investment by a foreign company in Europe's top economy. From a report: The deal to build two leading-edge semiconductor facilities in the eastern city of Magdeburg involves 10 billion euros in German subsidies, a person familiar with the matter said. Intel CEO Pat Gelsinger said he was grateful to the German government and the state of Saxony-Anhalt, where Magdeburg is located, for "fulfilling the vision of a vibrant, sustainable, leading-edge semiconductor industry in Germany and the EU." Under Gelsinger, Intel has been investing billions in building factories across three continents to restore its dominance in chipmaking and better compete with rivals AMD, Nvidia and Samsung.
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By the time it's built, the Ukraine war will be over, and Germany will be importing more Russian gas than ever.
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Can't. The likely point of destroying Nord Stream was to make it physically impossible to import enough gas from Russia without going through either Poland or Ukraine, both nations utterly hostile to Russia and... well whatever the fuck we can call the Polish-German relations of today. Cordial? Able to talk to each other on some things but utterly hostile on others?
Poland's inherent problem is geography, as long as Russia and Germany exist, Polish state is in extreme existential danger. Old Polish nation st
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Well, Intel is getting 7 billion euro for the deal. That's one million for each worker of that factory, I don't think the USA will give so much.
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It's not the energy that is primary problem for the industry. Germans use natgas for fully vertically integrated petrochemical chain, from cracking the natgas to end products like solvents, plastics and car parts. That is what is rapidly offshoring from Germany.
Energy wise, Germany is integrated into pan-European electric grid. While German electricity politics are probably going to be looked at as crimes against humanity a century from now, they're fine in terms of supply because Poles will burn the coal a
That's pretty sweet. Good for them. (Score:2)
I'm not fussed about which stable, friendly power churns out chips. I know it won't be my country, and I actually think it's a benefit to the western world that somebody "not US" has the capability and the expertise. Spread it around a little.