BERLIN: Germany will promote specific projects in strategic industries after agreeing subsidies worth nearly €10 billion with Intel this week as the US chipmaker said it would invest US$33 billion in Germany, a minister said on Wednesday. Intel's decision to develop two chip-making plants in Magdeburg wa
BERLIN: Germany will promote specific projects in strategic industries after agreeing subsidies worth nearly €10 billion with Intel this week as the US chipmaker said it would invest US$33 billion in Germany, a minister said on Wednesday.
"There will be no funding for everyone, but only for selected projects," said Economy Minister Robert Habeck of the Greens party which shares power with Scholz's Social Democrats and the FDP Free Democrats."They will be everywhere in future," he said at an event in Berlin, adding that the Intel subsidies were therefore an investment in economic security.
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