Intel has cancelled plans for a so-called megafab in Germany and a packaging plant in Poland. It also plans to shift assembly and test facilities in Costa Rica to its larger Malaysian and Vietnamese sites. The news comes from a letter to employees written by CEO Lip-Bu Tan, who says the move will help Intel in its goal of becoming a "more financially disciplined company" as it looks to cut costs company-wide.
"Going forward, we will follow a systematic approach to growing our factory footprint that’s fully aligned with the needs of our customers. We will be judicious and disciplined as we allocate capital – because that’s what great foundries do," says CEO Lip-Bu Tan.
