Intel’s postponement of the Magdeburg fab was made in “close coordination” with the German state — the company will reevaluate the project in two years to decide its final fate

Intel.

Both Intel and the German state of Saxony-Anhalt, whose capital city of Magdeburg was supposed to host Intel’s Fab 29, are still interested in the project — even if Intel delayed construction due to its financial woes.

The state government of Saxony-Anhalt said Intel’s decision on its Magdeburg factory was made in “close coordination” and “reflects the strategic orientation of both partners to jointly evaluate the framework conditions and potential schedules and adapt to market needs,” reports the German outlet HardwareLuxx (machine translated).