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Intel committed to German site despite delay
Intel causes Germany’s coalition government to rupture after shelving plans for €30 billion plant
Germany's finance minister has urged his government to reallocate the €10 billion it had set aside for the Intel plant.
Germany's Scholz says Intel committed to German site despite delay
ASTANA (Reuters) -German Chancellor Olaf Scholz said on Tuesday that Intel is committed to its plan to build plants in eastern Germany despite the U.S. chipmaker saying that it is delaying construction by two years as part of its cost-cutting plans.
Intel's German plant delay lands blow to EU's chip ambitions
The U.S. chipmaker’s move to delay the project in Magdeburg by about two years is a blow to the EU’s goal of producing one-fifth of the world’s semiconductors by 2030.
Germany's Scholz Disappointed By Delay To Intel Chip Plant
Chancellor Olaf Scholz voiced disappointment Tuesday after US semiconductor giant Intel delayed plans to build a mega chip-making plant in Germany which had been championed by Berlin.
Germany grapples with fresh economic blow as Intel pulls plug on new plant
The news could be a blessing in disguise for Germany’s liberal finance minister, Christian Lindner, who has spent months trying to plug a €12-billion hole in his federal budget. [ Intel prepares for surge in applications for lucrative exit packages at Irish operation ]
Intel pauses construction of Germany chip manufacturing plant for two years
Intel CEO Pat Gelsinger announced on Monday that the US-based semiconductor giant is halting the construction of its chip manufacturing plant in Magdeburg, eastern Germany, for approximately two years.
Intel factory delay hinders EU chip ambitions amid Germany’s economic uncertainty
Intel's delay in constructing its German semiconductor plant disrupts the European Union's chip production goals under the EU Chips Act.
Intel Delay Latest Blow For Stuttering German Economy
Struggling with high energy costs and softening demand for its exports, the last thing Germany needed was Intel announcing it is delaying plans to build a massive chip factory.
German government shruggs off Intel's delayed factory plan
US chipmaker Intel has announced it is postponing a $30 billion investment in Germany due to financial problems at the firm. But is the German government still committed to the investments?
Germany's Habeck says Intel chip plant delay won't alter strategy
German Vice Chancellor Robert Habeck said that US tech giant Intel's decision to postpone plans to build a major chip factory in Germany won't change the government's strategy around building up semiconductor production in Europe.
2d
Intel announces it will 'pause' plans for a manufacturing megafab in Germany due to ongoing money trouble
With plans to trim $10 billion from its budget, Intel is halting plans to build a cutting-edge foundry in the green fields of ...
Malaysia Sun
14h
US tech giant suspends huge Germany factory project
US tech giant Intel is halting construction of two chip manufacturing plants in Germany as it struggles to counter shrinking ...
3d
Germany's coalition argues over Intel subsidies in new budget dispute
A new budget dispute emerged within Germany's ruling coalition on Monday, with the finance ministry saying funds no longer ...
Datacenter Dynamics
2d
Intel hits pause on chip fabs in Germany and Poland amid financial crisis
Intel has paused plans for new chip factories in Germany and Poland following its disastrous second quarter financial results ...
Yahoo Finance
3d
Intel delays Germany, Poland chip factories for two years
Chip-making giant
Intel
on Monday said it was delaying its plans to build two mega chip-making factories in
Germany
and Poland as the company faces lower demand than anticipated. The announcement ...
Politico Europe
1d
Germany’s rude economic awakening
BERLIN — Germany is finally emerging from the first stage of economic grief: denial.
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