Intel is delaying its German fab plans while asking for more government subsidies, reports the Volksstimme newspaper.
The original plan was to run first silicon in the Magdeburg fab in H1 2023.
According to the Volksstime, costs have risen for energy and materials and Intel’s original costings for the fab of €17 billion have now risen to €20 billion.
The newspaper quoted an Intel spokesman as saying:
“Geopolitical challenges have grown and demand for semiconductors has fallen. This means we cannot yet give a definitive date for the start of construction.”
