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Intel delays German manufacturing plans due to growing semiconductor demand and geopolitical challenges

Intel has delayed its manufacturing plans in Germany and has applied for more government subsidies, the Volksstimme newspaper reports. The original plan was to start up the first silicon at the Magdeburg factory in early 2023. According to the Volksstimme, energy and material costs have increased and Intel’s original costs for the fab of €17 billion have now risen to €20 billion.

The newspaper quotes an Intel spokesman as saying, “Geopolitical challenges have grown and demand for semiconductors has declined. This means we cannot yet give a definite date for the start of construction.”

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