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International Business Times
International Business Times
Business
AFP News

Germany's Scholz Disappointed By Delay To Intel Chip Plant

Intel Corporation Olaf Scholz Germany Semiconductor Berlin United States
Intel is postponing a project in the eastern German city of Magdeburg, along with another one in Poland, by around two years due to lower expected demand (Credit: AFP)

Chancellor Olaf Scholz voiced disappointment Tuesday after US semiconductor giant Intel delayed plans to build a mega chip-making plant in Germany which had been championed by Berlin.

The news also stoked fresh tensions in Scholz's uneasy ruling coalition, with a row breaking out over what should be done with around 10 billion euros ($11 billion) in subsidies earmarked for the project.

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