US tech giant Intel is backing off on plans to start construction on a “mega-fab” semiconductor plant in Germany in the first half of 2023, according to media outlets. popular voice,
Intel made an initial investment of €17 billion in the facility in the German city earlier this year magdeburg, The planned investment, announced in March, could more than triple that amount. according for the company.
The company had talked about manufacturing expected to start Production is planned to go online in 2027, in the first half of next year.
But Intel now sees “difficult market conditions” and can no longer commit to a planned start date for manufacturing, Volksstimme ReportedPointing to a call for increased costs and higher government subsidies.
The German government has pledged to invest at least €6.8 billion in the Magdeburg facility.