Intel presses pause on European chip fabs
US chipmaker Intel has said it will pause its plans for new chip factories in Germany and Poland for two years, citing lower-than-expected demand and financial pressures. Intel had announced plans to build a €30 billion factory in Magdeburg, Germany, and a €4.6 billion facility in Wrocław, Poland in 2022 and 2023, respectively.
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.
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The Register on MSN3d
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ExtremeTech on MSN2d
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