After Intel postponed a $30 billion investment in its fab near Magdeburg, Germany, to reduce its spending amid financial difficulties, the company could abandon the project entirely, reports Deutsche Welle. The development would be a major setback for Germany, which, like many other countries, wants to become a leading producer of semiconductors.
Alexander Schiersch of the German Institute for Economic Research (DIW) told Deutsche Welle that given Intel's current financial struggles, chances that it will come back to the Magdeburg project were no more than 50%. In an interview with DW, he highlighted several crucial components for Intel's future success.
