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Intel delays Germany, Poland chip factories for 2 years

Hosted on MSN · 1d

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 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.

Intel Delays Germany, Poland Chip Factories For Two Years

Chip-making giant Intel on Monday said it was delaying its plans to build two mega chip-making factories in Germany and Poland as the company faces lower demand than anticipated.

Mobileye, Intel

Transport Topics · 1h

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 majority stake in the maker of autonomous driving technology.

Reuters on MSN · 7h

Intel says it has no plans to divest majority stake in Mobileye

(Reuters) -Struggling chipmaker Intel said on Thursday it had no plans to divest a majority stake in Mobileye, sparking an 8% rise in the self-driving tech firm's shares in premarket trading. Shares of Mobileye had taken a beating earlier this month after Bloomberg reported that Intel was looking to sell a portion of its stake in the company.

Hosted on MSN · 12h

Mobileye’s stock surges as Intel gives this reassuring sign

That majority shareholder is Intel Corp. which is struggling to get back on track after a series of technological missteps. Intel is also in the midst of a costly bid to regain manufacturing leadership and to serve as a foundry that makes chips for other semiconductor companies.

6don 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 ...

2don 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, ...

2d

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.

2don MSN

Intel’s big turnaround plan includes spinning off its chipmaking business

Intel is spinning off its chipmaking business as part of its plans to reverse billions in losses and a tumbling stock price.

18h

Intel: Sinking Transformation

Intel's ongoing transformation faces setbacks, with layoffs and delayed fabs, casting doubt on business improvements. See why ...

1d

Germany grapples with fresh economic blow as Intel pulls plug on new plant

The news could be a blessing in disguise for Germany’s liberal finance minister, Christian Lindner, who has spent months ...

2d

Intel rises as Amazon deal boosts struggling foundry unit's prospects

Intel shares jumped almost 4% in early trading on Tuesday, as a chip-making deal with Amazon's cloud business gave a major ...

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 ...

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