News Intel received €30 million from Ireland to offset higher EU power bills — Ireland and Intel continue a tight partnership in chip fabs

[Admin]

Intel received €30 million from Ireland in an aid package to offset rising EU power bills in 2023, new data shows, in an expansion of Ireland's tax credits and grants extended the same year to Intel.

Intel received €30 million from Ireland to offset higher EU power bills — Ireland and Intel continue a tight partnership in chip fabs : Read more

 

[OneMoreUser]

Ireland is one of the countries in the EU that is taking advantage, them being a tax heaven and more has boosted their economy only it has been at the expense of other countries and essentially the common good.
This latest move is just more of the same, only this then also lets Intel prioritize not spending so much on energy saving (no surprise looking at the CPU's).

 

[PEnns]

Poor Intel, it can't afford a €30 million power bill.

Maybe Intel should start a GoFundMe.

 

[TerryLaze]

Poor Intel, it can't afford a €30 million power bill.

Maybe Intel should start a GoFundMe.

You go ahead and turn down 30 mil if it ever gets offered to you...

 

[35below0]

Ireland is one of the countries in the EU that is taking advantage, them being a tax heaven and more has boosted their economy only it has been at the expense of other countries and essentially the common good.
This latest move is just more of the same, only this then also lets Intel prioritize not spending so much on energy saving (no surprise looking at the CPU's).

Yeah. Shame *** is more expensive in Ireland than almost anywhere else. Europe sometimes has much higher prices for computer components, and Ireland is near the top of the charts.

You go ahead and turn down 30 mil if it ever gets offered to you...

30 million is kinda peanuts. 30 billion is a lot, but million?

 

[TerryLaze]

30 million is kinda peanuts. 30 billion is a lot, but million?

Free is free, or discount is discount, there is no reason to turn away free money.
I got reduced power bills as well during the time the prices where extremely high, and that's just as a normal consumer.

 

[jackt]

Cant they just use renewable energy, like many big-tech do ?

 

[TerryLaze]

Cant they just use renewable energy, like many big-tech do ?

Do you think that renewable energy is for free? Most of the times it is MORE expensive so they would need even more money.