A slap in the face to Germany?

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A slap in the face to Germany?

Intel abandons the construction of a plant in Germany where it was supposed to invest 30 billion and employ 3,000 people. And that despite promises of billions of state subsidies. What are the consequences?

In 2022, the American company Intel announced that it would open two chip factories in Magdeburg and employ 3,000 people there. Now it has officially given up on that billion-dollar project. The American chipmaker is in crisis. In the third quarter of last year, it reported a loss of as much as 2.9 billion dollars. Layoffs are also being announced: at the end of last year, 109,000 people worked for Intel worldwide, and at the end of this year there will be 75,000

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