{"id":1950746,"date":"2023-06-19T07:28:02","date_gmt":"2023-06-19T11:28:02","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/berlin-to-sign-agreement-with-intel-after-chip-plant-talks\/"},"modified":"2023-06-19T07:31:00","modified_gmt":"2023-06-19T11:31:00","slug":"berlin-to-sign-agreement-with-intel-after-chip-plant-talks","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/berlin-to-sign-agreement-with-intel-after-chip-plant-talks\/","title":{"rendered":"Berlin and Intel to finalize agreement after chip plant negotiations."},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">20<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fberlin-to-sign-agreement-with-intel-after-chip-plant-talks%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1950746&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><div class=\"entry-content\">\n<p><strong>German Government and Intel to Sign Deal for Planned Factory in Dresden<\/strong><\/p>\n<p>By Friederike Heine and Supantha Mukherjee<\/p>\n<p>BERLIN\/STOCKHOLM (Reuters) &#8211; The German government and Intel are expected to ink a deal over the U.S. chipmaker\u2019s planned factory in Dresden, capping months of talks over subsidies needed for the project that its CEO said will cost it tens of billions of dollars.<\/p>\n<div id=\"div-gpt-ad-1663871513696-art-1\" style=\"min-width: 320px; min-height: 50px;  text-align: center;\">  \t<script>  \t\tgoogletag.cmd.push(function() { googletag.display('div-gpt-ad-1663871513696-art-1'); });  \t<\/script>  <\/div>\n<div class=\"ad-slot__ad-label\">Advertisement<\/div>\n<\/p>\n<p>Germany has scheduled the signing of an agreement with Intel for 1245 GMT on Monday and both Chancellor Olaf Scholz and Intel CEO Pat Gelsinger will be present for the ceremony, the chancellery said in a statement.<\/p>\n<p>The agreement comes at a time when the United States and Europe are both trying to <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/berlin-to-sign-agreement-with-intel-after-chip-plant-talks\/\" title=\"Berlin and Intel to finalize agreement after chip plant negotiations.\">lure big industrial players<\/a> via a mix of state subsidies and favourable legislation, with Berlin concerned about losing appeal as a place to invest.<\/p>\n<p>Berlin is currently also talking with Taiwan\u2019s TSMC and Sweden\u2019s electric vehicle battery maker Northvolt about setting up production in Germany, having already convinced Tesla to build its first European gigafactory there.<\/p>\n<p>Intel has reportedly asked for subsidies worth 10 billion euros ($10.91 billion) from Germany, where the cost for energy and labour is high.<\/p>\n<p>The U.S. chipmaker last year announced plans to build a big chip complex in Germany, along with facilities in Ireland and France, as it seeks to benefit from the European Commission\u2019s eased funding rules and subsidies as the EU tries to cut its dependence on U.S. and Asian supply.<\/p>\n<p>Under Gelsinger, Intel has been investing billions in building factories across three continents to restore its dominance in chip making and better compete with rivals AMD, Nvidia and Samsung.<\/p>\n<p>Gelsinger told Reuters on Friday that the gap between what Germany had offered and what Intel needed was too big but he expected to reach an agreement, adding that his request was to be cost competitive.<\/p>\n<p>\u201cWe lost this industry to Asia, we have to be competitive if we\u2019re going to bring it back,\u201d he said, adding the overall investment for the site would be \u201ctens of billions of dollars\u201d.<\/p>\n<p>The German government has not confirmed how much state funding the company is set to receive for the project in the central German city of Magdeburg.<\/p>\n<p>The Handelsblatt business daily reported last week that the U.S. company would get 9.9 billion euros, up from a previously promised 6.8 billion.<\/p>\n<p>Scholz\u2019s government is investing billions of euros in subsidies to lure tech companies to Germany. This comes at a time of growing alarm over supply chain fragility and dependence on South Korea and Taiwan for chips.<\/p>\n<p>($1 = 0.9150 euros)<\/p>\n<p>($1 = 0.9168 euros)<\/p>\n<p> (Writing by Christoph Steitz; editing by Rachel More, Jason Neely and Sharon Singleton)<\/p>\n<p><a href=\"https:\/\/www.oann.com\/uncategorized\/berlin-to-sign-agreement\/attachment\/file-photo-illustration-shows-intel-logo-2\/\"><\/a><\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>After Bill Gates met with China\u2019s Xi Jinping, Antony Blinken\u2019s meeting comes <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/another-ukrainian-soldier-dies-in-donbas-amid-rising-tensions-between-kyiv-moscow\/\" title=\"Another Ukrainian soldier dies in Donbas amid rising tensions between Kyiv &#038; Moscow\">amid rising tensions<\/a> and China\u2019s plans to spy on the U.S. from Cuba.<\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>California proposes taking so-called affirmation of a child\u2019s gender identity into account in child custody disputes. Here\u2019s One America\u2019s Sam Valk with more.<\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>This week has been filled with major headlines in the US and around the world. One America\u2019s Rachel Acenas has more in our Week in Review.<\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>Guggenheim Baseball Management, which owns the Los Angeles Dodgers, is going ahead with their salute to the Sisters of Perpetual Indulgence. <\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>By Friederike Heine and Supantha Mukherjee BERLIN\/STOCKHOLM (Reuters) -The German government and Intel are expected to ink a deal over the U.S.\u2026 <\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>By Friederike Heine and Supantha Mukherjee BERLIN\/STOCKHOLM (Reuters) -The German government and Intel are expected to ink a deal over the U.S.\u2026 <\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>By Philip Blenkinsop BRUSSELS (Reuters) \u2013 The European Commission will unveil on Tuesday possible measures, such as screening of outbound investments and\u2026 <\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>By Philip Blenkinsop BRUSSELS (Reuters) \u2013 The European Commission will unveil on Tuesday possible measures, such as screening of outbound investments and\u2026 <\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Germany and Intel are set to finalize an agreement regarding the chipmaker&#8217;s factory in Dresden. After months of negotiations, subsidies for the project, which is estimated to cost Intel billions of dollars, will be discussed. The signing is scheduled to take place soon.<\/p>\n","protected":false},"author":66,"featured_media":1950747,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[542],"tags":[5877,4436,10106,27793,7526,11860,3919],"class_list":["post-1950746","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-oann","tag-agreement","tag-berlin","tag-chip","tag-finalize","tag-intel","tag-negotiations","tag-plant"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1950746","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/66"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1950746"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1950746\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1950747"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1950746"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1950746"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1950746"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}