German state of Bavaria in talks with Intel on chip megafactory


FILE PHOTO U.S. chipmaker Intel Corps logo is seen on their quotsmart buildingquot in Petah Tikva near Tel Aviv Israel. December 15 2019.  REUTERSAmir CohenFile Photo

FILE PHOTO: U.S. chipmaker Intel Corp's logo is seen on their "smart building" in Petah Tikva, near Tel Aviv, Israel. December 15, 2019. REUTERS/Amir Cohen/File Photo

(Reuters) - Germany's southern state of Bavaria is in talks with Intel to build a European chip factory in a bid to counter supply bottlenecks that have hampered production in the automotive sector, the local economy minister said on Friday.

In recent months, the U.S. chipmaker has been seeking 8 billion euros ($9.5 billion) in public subsidies to build a semiconductor manufacturing site in Europe.

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