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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 postpones plans to build plants in Poland and Germany
Intel is suspending its plans to build semiconductor plants in Poland and Germany until 2026, owing to the deteriorating financial situation of the company on a global scale, the Polish Ministry of Digital Affairs announced on Monday evening.
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.
7d
on MSN
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 ...
3d
on MSN
Intel moves to spin out foundry business, inks AI chip deal with AWS
Intel announced it'll pause its chip-making plans in Poland and Germany -- and expand a deal with AWS to build custom chips, ...
5h
on MSN
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 ...
3d
Intel, Aiming to Reverse Slump, Unveils New Contracts and Cost Cuts
The chipmaker, which has been struggling, said on Monday that it obtained a new government grant, signed a contract with ...
2d
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 ...
Transport Topics
21h
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 ...
3d
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.
1d
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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