It is make or break for Intel’s giant bet on Germany
The American chipmaker’s capital spending would constitute the biggest foreign direct investment in German history
RARELY DO GERMANY’S top economists see eye to eye on a big economic-policy controversy. But when it comes to the government’s decision to spend billions on subsidies for Intel’s mega semiconductor factory in Magdeburg, Reint Gropp of the Halle Institute for Economic Research, Marcel Fratzscher of the German Institute for Economic Research and Clemens Fuest of the Ifo Institute all agree. They consider lavishing billions on the American firm a spectacular waste of taxpayers’ money.
Explore more
This article appeared in the Business section of the print edition under the headline “The Magdeburg gambit”
Business June 17th 2023
- Is doing business in China becoming impossible for foreigners?
- Oracle is making Larry Ellison the world’s third-richest man
- It is make or break for Intel’s giant bet on Germany
- The upside of workplace jargon
- Which sport is the best business?
- Why self-storage is turning into hot property
- How long will the travel boom last?
- What Tesla and other carmakers can learn from Ford
From the June 17th 2023 edition
Discover stories from this section and more in the list of contents
Explore the editionMore from Business
TikTok’s time is up. Can Donald Trump save it?
The imperilled app hopes for help from an old foe
The UFC, Dana White and the rise of bloodsport entertainment
There is more to the mixed-martial-arts impresario than his friendship with Donald Trump
Will Elon Musk scrap his plan to invest in a gigafactory in Mexico?
Donald Trump’s return to the White House may have changed Tesla’s plans
Germany is going nuts for Dubai chocolate
Will the hype last?
The year ahead: a message from the CEO
From the desk of Stew Pidd
One of the biggest energy IPOs in a decade could be around the corner
Venture Global, a large American gas exporter, is going public