' Intel Near Deal On USD$10.83B German Government Subsidy, Handelsblatt Says' - Reuters
Portfolio Pulse from Benzinga Newsdesk
Intel is close to securing a $10.83 billion subsidy from the German government, up from the previously agreed $6.8 billion, according to Handelsblatt. Final negotiations will take place this weekend, with an agreement expected to be signed on Monday.
June 15, 2023 | 5:25 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Intel is close to securing a $10.83 billion subsidy from the German government, which could support the company's chip-making complex in Magdeburg.
The increased subsidy from the German government will provide Intel with additional financial support for its chip-making complex in Magdeburg. This could help the company address higher energy and construction costs, potentially improving its competitive position in the chip market.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100