Chips: Why Intel gets so many billions for Magdeburg – Economy

When things finally get serious on this Monday afternoon in the Chancellery, the host stands a little to one side and, as so often, does not change his face. State Secretary Jörg Kukies and Intel Vice President Keyvan Esfarjani have taken a seat at the anthracite-colored table in the south foyer of Berlin’s government headquarters. Nothing less than one of the largest subsidy agreements that the Federal Republic of Germany has ever concluded with a private company is signed: the chip company from Santa Clara in California is to receive 9.9 billion euros in tax money so that it can build a factory in Magdeburg to build semiconductors . Germany wants to make itself more independent, should there ever be a war between the semiconductor giants China and Taiwan. “It’s historical,” says Esfarjani, as he puts his signature under the document and pushes it to Kukies along with the folder.

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