US EditionAmericans Abandon Plans to Build Chip Factory in Germany
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3 Articles
The American company Intel announced in 2022 that it would open two chip factories in Magdeburg and employ 3,000 people. Now it has officially abandoned that billion-dollar project.
US chipmaker Intel has definitively abandoned its billion-euro investment in a factory in Magdeburg. The giant company announced that it is suspending planned projects in Europe and Poland in order to restructure production, the German news agency reports. “Intel is taking measures to optimize the production structure and achieve a higher return on invested capital. As part of this, the company will not continue with projects in Germany and Pola…
Intel, a US semiconductor giant, ends up completely abandoning its flea factory projects in Magdeburg, Germany, and Poland after announcing in September 2024 that it will postpone these investments for two years due to economic difficulties. These two projects in Europe represented $35 billion in investments. The investment of €30 billion in Intel [...] The post Intel abandons its factory projects in Germany and Poland appeared first on ChannelN…
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