The construction of Intel's Fab 29 module 1 and module 2 near Magdeburg, Germany, has been delayed due to pending EU subsidy approval and the necessity to remove black soil to reuse it at a different site, with a new timeline pushing the start to May 2025, reports Volksstimme. The fab could still come online more or less on time in late 2027 – early 2028 if Intel is quick with construction and tool installation. But this could still be an issue for the company.
Initially, construction was slated to begin in the first half of 2023, but was delayed to summer 2024 due to delays with subsidies, which caused Germany's Finance Minister Michael Richter to intervene and ensure Intel got what it needed. However, the EU Competition Authority has not yet approved the subsidy of €9.9 billion for the €30 billion project, causing the delay. Consequently, the topsoil removal has been postponed to May 2025. The state and Intel are adjusting plans accordingly, focusing on infrastructure development and land acquisition to prepare for the delayed construction, the report says.
