Intel’s request for more subsidies for its €17bn plant in Magdeburg, Germany, has faced opposition from Germany’s finance minister Christian Lindner. Intel was initially granted a €6.8bn subsidy from the German government, but it is now demanding €10bn, citing higher energy and construction costs. While some in the government believe that Berlin must match the support provided by the US under the Chips and Science Act, others argue that such subsidies are a waste of taxpayers’ money. Lindner has said he is against increasing support, stating that there is no more money available in the budget.
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