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  2. People also ask
    Why did Intel postpone construction?
    However, Intel postponed construction for financial reasons and slowly ceased its foundry business, putting these funds on hold. This delay jeopardizes Germany’s ambitions in the semiconductor sector and raises political questions about using €10 billion in government subsidies initially pledged to support Intel’s investment.

    Intel postpones Magdeburg fab until 2029 to 2030 — German subsidie…

    msn.com
    Will Intel return to Magdeburg?
    Alexander Schiersch of the German Institute for Economic Research (DIW) said earlier this year that given Intel’s current financial struggles, chances that it will return to the Magdeburg project were no more than 50%. If Intel decides to proceed, the government may need to renegotiate subsidy details from scratch.

    Intel postpones Magdeburg fab until 2029 to 2030 — German subsidie…

    msn.com
    Can Intel regain footing in a European market?
    In sum, Intel faces an uphill battle to regain footing in a European market where AMD has established a significant presence, and Arrow Lake’s lackluster debut only adds to its recent setbacks. Addressing these challenges will require more than incremental hardware updates.

    The sales numbers for Intel’s new chips are just depressing

    msn.com
    How many CPUs did Intel sell?
    Intel’s processors accounted for just about 40 units sold, representing only 5% of total CPU sales — a stark contrast to AMD’s top-selling chips, which saw 190 and 80 units sold, respectively.

    The sales numbers for Intel’s new chips are just depressing

    msn.com
    Will Intel return to Fab 29 in 2029 – 2030?
    Given the global economic environment, securing the required funding and proceeding with the chip factory project may become increasingly difficult for both Intel and the German government in the coming years. Therefore, it remains to be seen whether Intel can realistically return to its Fab 29 project in 2029 – 2030, as planned.

    Intel postpones Magdeburg fab until 2029 to 2030 — German subsidie…

    msn.com
    Is Intel's Magdeburg plant abandoned?
    According to financial analysts, Intel's yet-unfinished Magdeburg, Germany, plant has reportedly stopped construction and may be abandoned. Germans with a $30 billion unfinished Intel fab in their backyard are likely not thrilled about buying more Intel processors, perhaps contributing to Arrow Lake's feeble sales in the country.

    Intel hasn't sold a single Arrow Lake CPU at Germany's largest retailer …

    msn.com
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  3. Reuters
    https://www.reuters.com/technology/berlin-sign...

    Intel spends $33 billion in Germany in landmark expansion

  5. Intel
    https://www.intel.com/content/www/us/en/…

    Intel, German Government Agree on Increased Scope …

    Jun 19, 2023 · Agreement accounts for Intel’s expanded investment to build two leading-edge semiconductor facilities in Germany. Officials representing German and Intel Corporation signed a revised letter of intent for Intel's planned wafer …

  6. Reuters
    https://www.reuters.com/technology/germanys-scholz...

    Germany's Scholz says Intel committed to German site despite delay

    Tags:
    Intel Corporation
    Olaf Scholz
  7. AP News
    https://apnews.com/article/germany-intel-chip...

    Intel to build $33-billion chip plant in Germany after government ...

    Tags:
    Intel Corporation
    Chip
  8. Los Angeles Times
    https://www.latimes.com/business/story/20…

    Intel to build $33-billion chip plant in Germany after …

    Jun 19, 2023 · Intel and the German government signed a deal Monday that will see the U.S. company spend more than $32.8 billion to build a chip manufacturing plant in the eastern city of Magdeburg, after...

    Tags:
    Intel Corporation
    Chip
  9. Financial Times
    https://www.ft.com/content/ba5aa0c8-76a…

    Germany pushes Intel to spend more on €17bn chip …

    Apr 13, 2023 · Germany is pushing Intel to expand its plans for a landmark €17bn chip plant in exchange for higher subsidies, in what is already set to be the country’s largest foreign direct investment since...

    Tags:
    Intel Corporation
    Chip
  10. Intel
    https://www.intel.com/.../eu-news-2022-release.html

    Intel Announces Initial Investment of Over €33 Billion for R&D and...

    Tags:
    Intel Corporation
    Germany
  11. EL PAÍS English
    https://english.elpais.com/economy-and-business/...

    Intel and Germany sign agreement for $32.8 billion chip plant ...

    Tags:
    England
    Economy
  12. Euronews
    https://www.euronews.com/2023/06/20/intel-to-build...

    Intel to build €30 billion chip plant in Germany | Euronews

    Tags:
    Intel Corporation
    Chip
  13. Intel
    https://www.intel.com/.../eu-news-2022-press-kit.html

    Intel Plans Investments in Europe

    Tags:
    Intel Corporation
    Europe