Big European nations likely to gain the most from EU chip push

Intel, which has been planning to invest as much as $95 billion in Europe over the next decade, said it expects the Chips Act to help its plans to expand its European footprint. The U.S. chipmaker has been scouting for locations in Germany, France and Italy.

STOCKHOLM/BRUSSELS: The European Commission's plan to make the continent more lucrative for investing in semiconductor factories will likely skew the benefits towards larger countries such as Germany, France and Italy, analysts say.

With billions of euros of public and private investment, along with covering up to 100% of the proven funding gap with public resources, a subsidy race could tilt the balance toward countries with larger resources.