Reportedly, Germany’s southern state of Bavaria is in discussion with Intel (INTC) to build a European chip factory to meet supply bottlenecks that have hindered production in the automotive sector. Recently, Intel has been seeking 8 billion euros/ $9.5 billion in public subsidies to build a semiconductor manufacturing site in Europe.
“I strongly support this. The possible location of a large international semiconductor manufacturer in Bavaria is an outstanding opportunity,” stated Economy Minister Hubert Aiwanger, whose state is home to luxury carmaker BMW.
The European Union is considering creating a semiconductor alliance including NXP, STMicroelectronics, Infineon and, ASML to reduce dependence on foreign chipmakers during a global supply chain crunch. Aiwanger informed that Bavaria has suggested a disused airbase in Penzing-Landsberg, west of Munich as a possible location for the factory.
Intel Corporation (INTC) seeks to expand the boundaries of technology to provide the most amazing experience possible while designing, manufacturing, and selling integrated digital technology globally. To learn more about Intel Corporation (INTC) and to track its progress please visit the Vista Partners Intel Corporation Coverage Page.
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