News Intel cancels fab investment in Italy and R&D facility in France — chipmaker remains committed to other European expansions

[Admin]

Intel refocuses its European efforts to Ireland, Germany, and Poland.

Intel cancels fab investment in Italy and R&D facility in France — chipmaker remains committed to other European expansions : Read more

 

[JRStern]

I think entirely expected, all the announced plans two years ago were never all going to run at once. It was an attempt to harvest all the subsidies in the world but it turned out the world wasn't going to deliver all that much after all.

 

[thestryker]

I can't help but wonder if part of the expansion strategy was bait to hold off "investors" who get angry over capital expenditure. Perhaps I'm giving Gelsinger and the exec team too much credit, but I could see the logic behind pushing for expansion everywhere to see who offered the best deals and then cutting the least viable when "investors" start getting upset over short term margins.

 

[Avro Arrow]

It has gotten to the point where all I can say is:

"LOL, Intel"

 

[DS426]

Completely over-invested. Pat needs a visit from the SEC; he's continued to give the big talk but Intel's execution is marginally better than it was prior to his throne-seating.

 

[Vanderlindemedia]

Intel likely shopping through those countries and looking for the "best deal" coming from the goverment.