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Intel committed to German site despite delay
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.
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.
Transport Topics
14h
Intel Says It Won’t Sell Majority Stake in Mobileye
Mobileye Global shares surged the most in nearly two years after Intel said it isn’t “currently” preparing to unload its ...
2d
on MSN
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.
10h
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 ...
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 ...
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 ...
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 ...
1d
Intel: Sinking Transformation
Intel's ongoing transformation faces setbacks, with layoffs and delayed fabs, casting doubt on business improvements. See why ...
Network World
20h
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 ...
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