Friday, 25 July, 2025
Intel Cuts Europe Projects, Delays $28 B Ohio Fab Under New CEO’s Efficiency Drive
Intel will halt its planned chip factory in Germany and assembly/test facility in Poland, consolidating Costa Rica operations into Vietnam and Malaysia. The $28 billion Ohio gigafab faces another delay. Tan cited excessive capacity investment and a fragmented footprint, pledging capex tied to concrete milestones. Q2 marked his first full quarter, with Intel trimming its workforce by 15% to target 75,000 employees.
Read full story at TechCrunch