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.
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'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 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 ...
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.
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 ...
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 ...
Intel announces it will 'pause' plans for a manufacturing megafab in Germany due to ongoing money trouble
Bad news for Intel and Europe's chipmaking ambitions.
Qualcomm Asked Chip Rival Intel if It Would Consider a Sale
The chipmaker Qualcomm has approached its rival Intel in recent days about the possibility of acquiring the slumping Silicon ...
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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 ...
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 ...
Intel fallout: squabble over subsidy money
The Magdeburg semiconductor plants will not be built for the time being. Discussions are now starting about what to do with ...
US tech giant halts €30bn factory in latest blow to German economy
Intel has halted plans for a €30bn (£25bn) microchip facility in Germany in a major blow to Europe’s technology plans. The US ...