Intel decided to stop printing $700 million chip test plant construction

According to foreign reports, according to a India newspaper reported that due to the lack of financial support and tax concessions, Intel has decided to invest $700 million in the construction of India chip testing plant project.

India business newspaper "financial banner" September 13th quoted a Intel official said, Intel has been to the India government said, if not to tax incentives, the project will not have a strong competitive advantage, but Intel is still looking for opportunities in the future.

In March this year, India's Ministry of information technology and Communications Minister revealed that Intel is likely to invest in the establishment of a wafer test plant in India. Since then, it has been reported that Intel and the India government began negotiations. In fact, as Intel's former CEO revealed last year, India has been on the site of the company's multiple projects on the list. Currently, Intel has a number of software development and product development centers in India.

July, financial banner newspaper broke the news of the breakdown of bilateral negotiations. The newspaper quoted government officials in India as saying that Intel asked the India government to provide up to $100 million in financial support, but the India government declined. In addition, Intel also proposed to the India government tax cuts and other preferential policies.

According to the newspaper reported on the 13, the India government for Intel's series of requirements are said to be difficult to cash, these statements have shaken the determination of Intel's investment. Allegedly, India is worried that Intel has become a precedent, to encourage investment in India after the multinational companies on the government "too much".