The Latest Breaking News from Magdeburg

Keir Starmer offers his support following the incident

German news agency dpa is reporting that a car has driven into a group of people at a Christmas market in the eastern German city of Magdeburg

Intel still keeps close ties with the German government despite putting its Magdeburg fab on hold.

Now that Intel has decided to postpone its Magdeburg fab project, subsidies from the government could go back to the budget.

Bad news for Intel and Europe's chipmaking ambitions.

Intel is slated to present a new plan to the board of directors, including a new expenditure roadmap with significant budget cuts.

Intel CEO Pat Gelsinger is expected to meet with the board of executives this month to share potential plans on what to cut from Intel to turn around the company. Intel's Foundry wing will not be on the chopping block, but Intel's in-progress Magdeburg fab will likely be canceled.

Uncertainty regarding Intel's fab building plans in Germany has started to ratchet up in recent days. The PC chipmaker has been preparing a large site for two large advanced chip fabs near Magdeburg. However, given the context of recent weeks, the local Saxony-Anhalt state government is understandably worried.

Complete approval of Intel's Magdeburg fab is still pending, construction set to start in 2025.

The far-right Alternative for Germany has declared the European Union a “failed project” in its current form as it adopts its program for next June’s European Parliament election at its party convention in the eastern city of Magdeburg

The U.S. giant will take over $10 billion in German subsidies for two new plants in Magdeburg.