FILE PHOTO: A smartphone with a displayed Intel logo is placed on a computer motherboard in this illustration taken March 6, 2023. REUTERS/Dado Ruvic/Illustration
(Reuters) - Germany's Finance Minister Christian Lindner is refusing Intel's demands for higher subsidies for a 17-billion-euro ($18-billion) chip plant, saying the country could not afford it, the Financial Times reported on Sunday.
"There is no more money available in the budget," the newspaper quoted Lindner as saying in an interview. "We are trying to consolidate the budget right now, not expand it."
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