By ET Bureau - June 21, 2021 1 Mins Read
Bavaria, Germany’s southern state, is in negotiations with Intel (INTC.O) to develop a European chip factory to alleviate supply constraints that have impeded vehicle production, according to the local economics minister.
The American chipmaker has been pursuing 8 billion euros ($9.5 billion) in government subsidies to develop a semiconductor manufacturing facility in Europe in recent months.
Economy Minister Hubert Aiwanger, whose state is home to luxury carmaker BMW, said they fully endorse this (BMWG.DE). A huge international semiconductor manufacturing location in Bavaria would be a fantastic opportunity.
To Read More: Reuters
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