What the he-l is going on in Germany?
Is the pause really a pause or does the company continue to fool everyone?
Guess the pause is just a f**k you to the government.
Also, wth is going with rhat ‚country manager‘ who seems to be in overlying comfortable and delusiona…
She seems to be happy to
Just read her name online
4 replies (most recent on top)
The plans were put in place when the new CEO was claiming he would be #2 in foundry business... When pigs fly.
The Ukraine war, the loss of the Nord Stream gas pipeline, the shutdown of nuclear power plants, and the emphasis on solar and wind electricity production has made energy very expensive in Germany. You can’t run a semiconductor fab (or heavy industry in general) on green energy. Combine this with the decrease in demand for Intel’s x86 chips, the underutilization of its current fabs, and Intel’s massive financial losses and debt, and the idea of operating a fab in Germany seems increasingly unlikely.
Germany is going through de-industrialization and energy-poor. Only asinine ppl like Intel execs see that and declare “yes, I want to build something here”
Gonna need a lot of firewood to power a foundry there
look at the company financials. the fabs that are already operational are under utilized. why build more. i would guess that it really is a pause at this point but it will likely end up being a hard stop in the future.