News Intel postpones Magdeburg fab until 2029 to 2030 — German subsidies to Intel could go back to the federal budget

[Admin]

Now that Intel has decided to postpone its Magdeburg fab project, subsidies from the government could go back to the budget.

Intel postpones Magdeburg fab until 2029 to 2030 — German subsidies to Intel could go back to the federal budget : Read more

 

[why_wolf]

Not really a surprise. Probably a best case scenario will be if Germany can find another foundry business to take over the site instead of waiting for Intel to get their ship in order.