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.
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.