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Germany, Intel
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
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.
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 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'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 postpones building chip factory in Germany's Magdeburg
US chip-maker Intel is postponing the construction of a factory in the German city of Magdeburg, company boss Pat Gelsinger said on Monday. The project is expected to be delayed by around two years, Gelsinger said.
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 causes Germany’s coalition government to rupture after shelving plans for €30 billion plant
Intel
has confirmed it will shelve plans to construct a mammoth €30 billion chip factory in
Germany
, sending its struggling government into a panic over the billions of euros it has committed to ...
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.
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.
6d
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 ...
3d
Intel Makes A Slew Of Announcements Supporting Its Turnaround Strategy
Intel's big announcements this week are positive indicators for its turnaround efforts and overall strategy, assuming it can ...
7d
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 ...
News-Press NOW
7d
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 ...
5h
How Intel became a takeover target
Intel has gone from the world's most valuable chipmaker to the target of a takeover bid, after a series of missteps in recent ...
TweakTown
11h
Intel scoops in $8.5 billion in new funding over the last few days, as Qualcomm eyes takeover
Intel takes in $8.5 billion of new funding from Apollo, in a move that would be a 'vote of confidence' in the company's ...
Network World
4d
Intel strikes foundry deal with AWS
We have tripled our deal pipeline since the beginning of the year,” CEO Pat Gelsinger said of Intel Foundry’s business in a ...
6d
Intel's Amazon chip deal lifts investor confidence in money-losing foundry unit
The chipmaker will build custom AI chips for Amazon Web Services (AWS) as part of the multibillion-dollar deal. The move ...
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