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.
Intel’s EUR10 billion semiconductor plant stalls amid German chips and batteries budget battle
30
Sep