German state of Bavaria in talks with Intel on chip megafactory

Technology
Friday, 18 Jun 2021
9:00 PM MYT

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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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German state of Bavaria in talks with Intel on chip megafactory