Gelsinger asks EU to pay full cost of European fab

Gelsinger asks EU to pay full cost of European fab

“What we’re asking from both the U.S. and the European governments is to make it competitive for us to do it here compared to in Asia,” Gelsinger told Politico Europe.

As part of his plans to set up a foundry  business, Gelsinger envisaged two fabs in Arizona costing $10 billion each and one in Europe.

If the European fab is equivalent to the Arizona fabs then it won’t cost Intel anything at all.

Gelsinger is said to be looking for a location for the European fab and yesterday met Germany’s  Economics Minister Peter Altmaier.

Gelsinger was quoted as saying that Germany would be a suitable location for a potential European foundry.

“Geopolitically, if you’re in Europe, you want to be in continental Europe,” he said.

If Gelsinger is talking physically, then Intel’s Irish fab site obviously won’t qualify for the new plant, but if he’s talking politically, then it might,