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Germany's Finance Minister Christian Lindner is refusing Intel's (INTC.O) demands for higher subsidies for a 17-billion-euro ($18-billion) chip plant, saying the country could not afford it, the Financial Times reported on Sunday.
"There is no more money available in the budget," the newspaper quoted Lindner as saying in an interview. "We are trying to consolidate the budget right now, not expand it."
Germany's Finance Minister Christian Lindner is refusing Intel's demands for higher subsidies for a 17-billion-euro ($18-billion) chip plant, saying the country could not afford it, the Financial Times reported on Sunday.
Intel must have went to TSMC's project planning class. Or perhaps just their political science class. Assuming the increase is purely the result of increased costs for construction, that's a 19% overall increase in cost (3.2B on 17B), which is pretty embarrassing for such a short planning horizon. I guess the dog ate Intel's homework too.
Intel must have went to TSMC's project planning class. Or perhaps just their political science class. Assuming the increase is purely the result of increased costs for construction, that's a 19% overall increase in cost (3.2B on 17B), which is pretty embarrassing for such a short planning horizon. I guess the dog ate Intel's homework too.
If they went to the same classes, they apply what they learned differently. TSMC probably prefers negotiation up front quietly. Intel likes to negotiate before, during, and after the deal was signed, and loudly.
If they went to the same classes, they apply what they learned differently. TSMC probably prefers negotiation up front quietly. Intel likes to negotiate before, during, and after the deal was signed, and loudly.
Not correct. TSMC has been making statements about how their AZ costs have far exceeded expectations, and how it costs five times to build in the US versus Taiwan, etc, etc. This was discussed in previous threads about TSMC, and I accused them of similar weakness in cost estimations and a dog having eaten their homework.
Not correct. TSMC has been making statements about how their AZ costs have far exceeded expectations, and how it costs five times to build in the US versus Taiwan, etc, etc. This was discussed in previous threads about TSMC, and I accused them of similar weakness in cost estimations and a dog having eaten their homework.
Did you hear TSMC asked more money for their new Japanese fab, like intel did in Germany, after the contract and subsidy arrangement already signed?
It's a normal practice for parties involved in a investment project to ask the best deal on behalf of theirs own stakeholders before signing the agreement. But it's problematic to ask something a lot more despite the contract had already been signed by all parties. This is what Intel and German government are facing.
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