Germany’s Scholz to meet Intel CEO amid intensive talks on chip plant

BERLIN: Chancellor Olaf Scholz will meet with Intel CEO Pat Gelsinger on Monday, a potentially significant moment in talks to set up a new chip-making complex on German soil.

Germany is in intensive discussions with Intel, the economy ministry said on Friday, without commenting on how much state funding the company is set to receive for the project.

Scholz, asked at an unrelated news conference whether a deal would be finalised on Monday, said: “I confirm that we have been in good discussions for some time and will continue to do so on Monday.”

An economics ministry spokesperson earlier said the government had a clear goal.