Germany paying $5.5B for Intel fab

Re:Germany paying $5.5B for Intel fab by alaricus on Tuesday June 07, 2022 @11:22AM (#31655701)

My point is that as a taxpayer in Germany, I don't want to subsize an American company. Better to invest in local companies like Infineon or Bosch.

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Re:Germany paying $5.5B for Intel fab by adventured on Tuesday June 07, 2022 @01:16PM (#31657391)

Americans feel your pain, given the subsidies German automakers have received to build plants in our country over the decades.

Mercedes got $260m in Alabama in the early 1990s, BMW got $150m in South Carolina in the early 1990s, Volkswagen got $570m in the late 2000s in Tennessee. That's close to $1.6 billion inflation adjusted from just three examples of it.

The US economy is six times the size of Germany's economy, so those are massive subsidies in relation.

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Re:Germany paying $5.5B for Intel fab by outside1234 on Tuesday June 07, 2022 @06:33PM (#31660853)

I don't know about Infineon, but Bosch would boat anchor that money and then you'd just be out $5.5B. No way Bosch is going to be a world class fab provider.

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