“Intel says it expects 30% subsidies when it builds a fab, and CEO Pat Gelsinger says it costs 30-40% more to build a fab in Europe than in Asia.”
Intel names its price and Germany pays it. That is $5.5 billion of public money toward an $18.7 billion plant in Magdeburg. The EU Chips Act behind it has only about 15 percent real new money, and the rest gets clawed from budgets already spent elsewhere. Taxpayers fund the factory, and Intel keeps the factory.