Germany's Scholz says Intel committed to German site despite delay

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ASTANA :German Chancellor Olaf Scholz said on Tuesday that Intel is committed to its plan to build plants in eastern Germany despite the U.S.chipmaker saying that it is delaying construction by two years as part of its cost-cutting plans".

Habeck's ministry said in a statement that it was "now up to Intel to quickly get back on a path that enables investment".

FILE PHOTO: Intel logo is seen near computer motherboard in this illustration taken January 8, 2024.

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Category: EconomyBusiness

Markets: SingaporeGermany

Topics: 2024 Ministry Tuesday Years Astana Decision Funds Committed Scholz Intel Germany

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-17 @ 16:34:11 (10 hours ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 422 words

Reading Time: 3 minutes read

Sentences: 15 lines

Sentence Length: 29 words per sentence (average)

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Copyright Owner: © Channel News Asia

News ID: 22566246

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