Intel Delays Germany, Poland Chip Factories For 2 Years
Intel's financial crisis delays the development of mega fab factories in Poland and Germany despite heavy subsidies
Intel recently announced its plan to delay the construction of two mega chip-making factories in Germany and Poland. The chip maker attributed its decision to a lower demand for its chips than earlier anticipated.
Intel halts plans for flagship factories in Germany, Poland amid financial woes
US chipmaker Intel is halting plans for new factories in Germany and Poland amid financial troubles, in a blow to the EU efforts to build up domestic chipmaking capacity.
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.
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'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.
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?
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.
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Poland's Intel plant gets EU green light for $1.9 billion in state support
The European Commission has given Poland a green light to support an Intel chip assembly and testing plant with more than 7.4 ...
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Intel postponed plans for factory in Poland as company’s financial situation deteriorates
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Intel: Sinking Transformation
Intel's ongoing transformation faces setbacks, with layoffs and delayed fabs, casting doubt on business improvements. See why ...
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Intel’s financial problems may affect its Poland and Malaysia operations
The financial difficulties faced by tech giant Intel seem likely to hit its operations in a number of regions, including ...
Intel CEO Moves to Further Cut Costs and Separate Chip Making and Design
Company will make manufacturing operations an independent subsidiary and pause construction on plants in Europe and Asia.
Intel forges path to probable capital incineration
Intel is a chipmaker, just not one of the exciting ones. Boss Pat Gelsinger is trying desperately to change that: on Monday ...
Wall Street Lunch: Intel Grabs Wall Street Attention
And in the Wall Street Research Corner, today’s retail sales strength may be good news for small-cap stocks. RBC Capital ...
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 ...