Intel hits pause on chip fabs in Germany and Poland amid financial crisis
Intel has paused plans for new chip factories in Germany and Poland following its disastrous second quarter financial results. CEO Pat Gelsinger told staff yesterday that both projects were being put on hold for two years, while the opening of a new chip packaging plant in Malaysia could also be delayed.
The chipmaker, which has been struggling, said on Monday that it obtained a new government grant, signed a contract with ...
The European Commission has given Poland a green light to support an Intel chip assembly and testing plant with more than 7.4 ...
Intel announced it'll pause its chip-making plans in Poland and Germany -- and expand a deal with AWS to build custom chips, ...
And in the Wall Street Research Corner, today’s retail sales strength may be good news for small-cap stocks. RBC Capital ...
We have tripled our deal pipeline since the beginning of the year,” CEO Pat Gelsinger said of Intel Foundry’s business in a ...
Mobileye Global shares surged the most in nearly two years after Intel said it isn’t “currently” preparing to unload its ...
Company will make manufacturing operations an independent subsidiary and pause construction on plants in Europe and Asia.
Intel's ongoing transformation faces setbacks, with layoffs and delayed fabs, casting doubt on business improvements. See why ...
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