Reported 22 days ago
German Chancellor Olaf Scholz affirmed Intel's commitment to building semiconductor plants in eastern Germany, despite the company's announcement of a two-year construction delay as part of cost-cutting measures. Scholz emphasized the importance of maintaining momentum in Germany's semiconductor industry, while German Economy Minister Robert Habeck noted the need for Intel to regain its investment strategy. The situation has sparked discussions within the German government on reallocating unused funds for investment initiatives, highlighting the urgency for tax reforms to enhance business investment.
Source: YAHOO