Subject


Germany


2024-11-08

[News] Intel Delays German Magdeburg Fab Construction Plans to 2029-30, Sparking Subsidy Return Debate

According to Tom’s Hardware, citing a report from HardwareLuxx, Intel has postponed  its Magdeburg fab project to 2029-2030, raising concerns in Germany about whether the allocated funding should be returned to the federal budget. The German government took some time to secure €10 billion in...

2024-10-28

[News] Construction of Multiple Semiconductor Plants in Germany Faces Setbacks

Recent reports reveal that German automotive parts supplier ZF Friedrichshafen AG (ZF) plans to withdraw from a 3 billion USD joint project with U.S. chipmaker Wolfspeed to build the world’s largest 8-inch SiC chip manufacturing plant. Industry speculation suggests the reasons behind ZF's decision...

2024-09-20

[News] Intel’s Plant Delay Casts Doubt on German Economy, with Chances of Proceeding Estimated at No More than 50%

By announcing a two-year delay in its plan to build chip factories worth €30 billion (USD 33 billion) in Magdeburg, Intel seems to find a way to temporarily alleviate its financial burden. However, a report by German media outlet DW News warns that the chances of the US chipmaker eventually moving...

2024-09-16

[News] EU Nods to USD 1.9 Billion Aid to Intel’s Plant in Poland, Provided the Giant Keeps the Project

For Intel, there are finally some good news around the corner. According to a report by The Register, the EU has approved USD 1.9 billion in aid for the struggling giant’s plant in Poland, but with the condition that the company does not abandon the project amid its crisis. The information was ...

2024-09-10

[News] Uncashed Checks of the Struggling Giant: Intel’s Unfulfilled Expansion Plans in a Nutshell

Grappling with a series of operational challenges, Intel has been weighing options to stem losses, with cost reduction being one of its major focus. Under this scenario, the decisions the semiconductor giant has made include slashing 15% of its workforce and the cancellation of its 20A process, whic...

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