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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
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 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.
Germany's Scholz: 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's announcement that it is delaying construction by two years amid cost-saving measures.
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.
Malaysia Sun
15h
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 ...
6h
on MSN
Mobileye Soars After Intel Says It Will Not Sell Majority Stake
Intel assures no plans to drop majority stake in Mobileye, causing a 14.99% jump in share price. CEO Gelsinger shows plans to ...
Network World
16h
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 ...
devdiscourse
3d
Germany's Budget Clash: Intel Subsidies at the Center of Coalition Dispute
A new budget conflict has emerged within Germany's ruling coalition. The finance ministry wants funds, initially meant for ...
Politico Europe
1d
Germany’s rude economic awakening
BERLIN — Germany is finally emerging from the first stage of economic grief: denial.
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 ...
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