Intel pauses construction of semiconductor factories in Germany and Poland until 2026

Intel has announced the suspension of its planned semiconductor factory projects in Germany and Poland until 2026, citing financial difficulties. This decision was confirmed by Intel CEO Pat Gelsinger during a meeting with Poland’s Deputy Prime Minister, Krzysztof Gawkowski, according to the Ministry of Digitization.

Gelsinger explained that the company’s global financial challenges led to the postponement of these investments. Despite this setback, Intel has expanded its European production capacity through its Ireland plant, which will serve as the company’s primary European hub.

While the projects in Poland and Germany are paused, Intel remains committed to other global investments. Its Malaysia operations continue to grow, with plans to complete a new advanced packaging plant, though its opening will be adjusted based on market demand.

Intel’s planned semiconductor factory in Miękinia near Wrocław, valued at $4.6 billion, was expected to create around 2,000 jobs. The Ministry of Digital Affairs, which had been working with the European Commission on state aid for the project, expressed its openness to supporting other semiconductor investments in Poland in the coming months.

Despite the delay, Intel remains engaged in its manufacturing projects in the U.S., including ongoing developments in Arizona, Oregon, New Mexico, and Ohio.

Source: ISBnews