Intel's upcoming site near Magdeburg, Germany, promises to become Europe's largest and most advanced semiconductor manufacturing facility, but its costs are increasing, and Intel recently expressed its intention to get more subsidies from the country's government. But the authorities are unwilling to provide the company more money as they do not have it in the budget, reports Financial Times.
"There is no more money available in the budget," Germany's finance minister Christian Lindner told Financial Times. "We are trying to consolidate the budget right now, not expand it."
