German government shruggs off Intel's delayed factory plan
US chipmaker Intel has announced it is postponing a $30 billion investment in Germany due to financial problems at the firm. But is the German government still committed to the investments?
Intel postpones construction of German chip factory for two years
US chip-maker Intel has announced plans to postpone the construction of a factory in Germany for at least two years. View on euronews
Intel's German plant delay lands blow to EU's chip ambitions
The U.S. chipmaker’s move to delay the project in Magdeburg by about two years is a blow to the EU’s goal of producing one-fifth of the world’s semiconductors by 2030.
Intel delays Germany, Poland chip factories for two years
Chip-making giant Intel on Monday said it was delaying its plans to build two mega chip-making factories in Germany and Poland as the company faces lower demand than anticipated. "We will pause our projects in Poland and Germany by approximately two years based on anticipated market demand,
Intel to Make Custom AI Chip for Amazon, Delay German Plant
Intel Corp. Chief Executive Officer Pat Gelsinger has landed Amazon.com Inc.’s AWS as a customer for the company’s manufacturing business, potentially bringing work to new plants under construction in the US and boosting his efforts to turn around the embattled chipmaker.
Intel stock surges on plans to make AI chips for Amazon and to turn foundry into subsidiary
Shares of Intel are surging before the opening bell after the chipmaker said its foundry business would make some custom artificial intelligence chips for Amazon Web Services as it attempts to reinvig
Intel stock surges 14% on AI chip deal with Amazon
The two companies will co-invest in making "fabric chips" that will be built in a new factory under construction outside Columbus, Ohio.
Intel rises as Amazon deal boosts struggling foundry unit's prospects
By Deborah Mary Sophia and Arsheeya Bajwa (Reuters) -Intel shares jumped almost 4% in early trading on Tuesday, as a chip-making deal with Amazon's cloud business gave a major stamp of approval to its money-losing contract manufacturing business.
Intel Teams Up With Amazon. Is the Chip Stock a Buy Now?
After hanging on the ropes for much of August and September, Intel (INTC -3.26%) is suddenly having a banner week. The stock jumped yesterday after the company secured $3 billion
$30 In Sight for Intel Stock After Amazon AI Chip Win?
Intel stock (NASDAQ: INTC) rallied by close to 6% in Monday’s trading and gained by another 8% in after-hours trading, taking the stock to levels of about $22 per share. Intel stock still remains down by over 50% year-to-date.
Intel's Amazon chip deal lifts investor confidence in money-losing foundry unit
Intel shares jumped 7% before the bell on Tuesday, as a chip-making deal with Amazon's cloud business provided a major stamp of approval for its struggling contract manufacturing business. The chipmaker will build custom AI chips for Amazon Web Services (AWS) as part of the multibillion-dollar deal.
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US tech giant suspends huge Germany factory project
US tech giant Intel is halting construction of two chip manufacturing plants in Germany as it struggles to counter shrinking ...
Volkswagen, Germany’s largest private employer, could cut over 15,000 jobs with plant closures—and there’s no plan B, Jefferies says
Jefferies analyst said that Volkswagen's unions "can only strike on pay, not plant closure or layoffs if the latter are not ...
As Volkswagen weighs its first closure of a German auto plant, workers aren’t the only ones worried
Volkswagen is considering closing some factories in its home country for the first time in the German automaker’s 87-year ...
Workers Steal Keys to 200-Plus Cars, Union Says, After Audi Threatens to Close Plant
Around 3000 workers may soon be out of their jobs if Audi sticks with its current plans. The Volkswagen Group has found ...
Intel causes Germany’s coalition government to rupture after shelving plans for €30 billion plant
Germany's finance minister has urged his government to reallocate the €10 billion it had set aside for the Intel plant.
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US Intel's factory delay adds to Germany's economic woes
But what is mostly seen as a cost-cutting measure at the chipmaker also highlights how the economic policy of Germany's three-party coalition government fails to kick-start investments. Intel was ...
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As Volkswagen weighs its first closure of a German auto plant, workers aren't the only ones worried
Smoke rises from a chimney of the Volkswagen car factory in Wolfsburg, Germany, Monday, Nov. 8, 2021. Credit: AP/Michael Sohn Since Volkswagen has roughly a quarter of the European market, ...
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As Volkswagen weighs its first closure of a German auto plant, workers aren't the only ones worried
Profits have also declined at Germany’s BMW and Mercedes-Benz thanks to the same pressures. Why are VW's proposed factory and job cuts a big deal in Germany? Volkswagen has 10 assembly and parts ...