Intel, Germany
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 sales and mounting losses, the company's CEO Pat Gelsinger announced on Monday. According to Gelsinger, the project in the city of Magdeburg in Saxony-Anhalt is expected to be delayed by around two years.
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 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 Intel's chip plants, to balance the federal budget, while the economy ministry contends they should remain reserved for other pressing needs.
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 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 needed to subsidize Intel's new chip-making plants should be used to balance the books and the economy ministry pushing back.
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 chipmaking giant said it would delay construction at a site in Magdeburg by around two years,
Down More Than 50%, Can Intel Stock Rebound on New Foundry Plans?
The company also announced an expanded deal with Amazon, in which the two companies will co-invest in custom chip designs. Intel's foundry will also produce artificial intelligence (AI) fabric chips ...
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 ...
Transport Topics19h
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 ...
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 ...
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 ...
Automotive News1d
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 ...
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 ...
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 ...