Impact of US Elections on Intel’s German Chip Factory Plans
Following Donald Trump’s election victory, economists express concerns over Intel’s proposed chip factories in Magdeburg, Germany. The uncertainty stems from potential changes in US trade policy, favoring domestic manufacturing amid rising protectionism and subsidies. Experts suggest that lucrative tax incentives in the US could deter Intel from continuing its $10 billion investment in Germany, despite previous commitments. With competition intensifying globally, analysts propose that Europe must enhance its business environment to retain such investments. The future of both Intel and the broader semiconductor industry in Europe now looks uncertain.