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Intel Wants $5 Billion More From Germany for a Chip Plant

  • Chips designer had already reached deal for $7 billion in aid
  • Plant construction was postponed due to economic headwinds
Updated on

Intel Corp. is seeking an additional €4 billion to €5 billion in subsidies from the German government to move ahead with a chip manufacturing complex in the eastern part of the country, according to people familiar with the matter. 

The company postponed the start of construction at the plant — which it had previously agreed to build in Magdeburg with €6.8 billion ($7.2 billion) in government aid — at the end of last year because of economic headwinds, and is now looking for more funds, said the people, who asked not to be identified because the information isn’t public.