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Windows Central
Windows Central
Technology
Kevin Okemwa

Intel's financial crisis delays the development of mega fab factories in Poland and Germany despite heavy subsidies

Intel Corporation Patrick Gelsinger Germany Poland CDKeys Best Buy Lenovo Steam Foundry Intel Foundry Services
Intel Meteor Lake from Intel Technology Tour 2023 in Malaysia.

What you need to know

  • Intel is delaying the development of two mega chip plants in Germany and Poland by two years due to financial constraints.
  • Company CEO Pat Gelsinger also indicated that the launch of the chip packaging plant in Malaysia might be delayed but didn't provide a specific timeline.
  • Gelsinger also indicated that Intel's Foundry Services would start operating as an independent subsidiary, providing clients with "clearer separation and independence from the rest of Intel."
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