Intel, Germany
Intel announces it will 'pause' plans for a manufacturing megafab in Germany due to ongoing money trouble
In a note sent to employees and later published, Intel CEO Pat Gelsinger announced the decision: "We will pause our projects in Poland and Germany by approximately two years based
Intel pauses chip factory in Magdeburg, plant in Wroclaw
Intel keeps the purse strings tight. This is now also affecting the planned factories in Magdeburg and Wroclaw.
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. CEO Pat Gelsinger told staff yesterday that both projects were being put on hold for two years, while the opening of a new chip packaging plant in Malaysia could also be delayed.
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.
Intel presses pause on European chip fabs
US chipmaker Intel has said it will pause its plans for new chip factories in Germany and Poland for two years, citing lower-than-expected demand and financial pressures. Intel had announced plans to build a €30 billion factory in Magdeburg, Germany, and a €4.6 billion facility in Wrocław, Poland in 2022 and 2023, respectively.
Intel postpones construction of German chip factory for two years
US chip-maker Intel has announced plans to postpone the construction of a factory in Germany for at least two years.
Intel announces it will 'pause' plans for a manufacturing megafab in Germany due to ongoing money trouble
That said, restarting construction of a multi-billion euro project—the Magdeburg fab was set to cost €17 billion—will require Intel to be in a better financial position than it is right now.
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 Faces Fresh Setback as Intel Halts Planned Chip Factory
Intel Corp.’s decision to postpone its planned factory in Germany marks a setback for the government in Berlin and will reignite controversy over where to allocate about €10 billion ($11 billion) in earmarked subsidies.
Intel inks AI chip deal with AWS, pauses plans in Poland and Germany
Intel has announced a key customer win and changes to its foundry business as the beleaguered chipmaker looks to mount a turnaround. In a blog post, Intel CEO Patrick Gelsinger said the company would pause its chip fabrication projects in Poland and Germany by two years “based on anticipated market demand,
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.
Intel's missed AI opportunity might prompt it to pump the brakes on its $32 billion Magdeburg project and sell Altera to keep the lights on
Intel is slated to present a new plan to the board of directors, including a new expenditure roadmap with significant budget ...
heise online1mon
Inflated reports about failing Intel fabs in Magdeburg
Intel's current losses of billions of euros and canceled projects have raised the question of the status of the planned semiconductor plants in Magdeburg, which will cost a good 30 billion euros.
Bits&Chips3d
Intel puts German fab on hold
Intel is pausing construction of the Magdeburg chip plant and a packaging facility in Poland for about two years.
Yahoo Finance1mon
Magdeburg politicians raise concerns about possible Intel fab cancellation — plans drawn up for anchor investor withdrawal
However, Intel CEO Pat Gelsinger has previously been bullish about the ambitious Magdeburg fabs making a big difference in Europe. This flagship investment would deliver Intel fab technology ...
The Financial Times3d
Intel outlines plans to cut costs and boost chip business in turnaround push
The announcement of a pause to Intel’s multibillion-dollar project in Magdeburg, Germany, is a major blow to the ...
The Register on MSN3d
Intel frees its Foundry biz – and that's just one of many major shake-ups today
It also remains unclear what a delay could mean for the €10 billion in state aid Intel persuaded the German government to ...