Latest News and Trends

Intel’s EUR10 billion semiconductor plant stalls amid German chips and batteries budget battle

Intel’s EUR10 billion (approx. US$10.5 billion) semiconductor plant in Magdeburg, Germany, has hit a major roadblock as the country faces a critical budget tug-of-war between funding cutting-edge semiconductor manufacturing and advancing lithium battery technology. The delay in Intel’s project, originally slated to be a key pillar of Europe’s semiconductor ambitions, underscores growing tension within the German government over resource allocation.