Intel has suspended a number of investments in Europe, together with a $4.6bn chip fabrication plant in Poland, the Polish Press Company experiences.
Krzysztof Gawkowski, the nation’s digital affairs minister, stated the challenge can be delayed for 2 years.
The choice got here after building equipment arrived on the website close to the western metropolis of Wroclaw.
The minister stated he had been knowledgeable of the choice by Intel’s chief government Pat Gelsinger, who stated his firm was experiencing “international monetary issues”.
Intel is presently midway by way of a plan, introduced final month, to chop its workforce by 15,000.
On Monday, Gelsinger issued a press launch saying there had been “no scarcity of rumours and hypothesis” in regards to the state of the corporate because it introduced a lack of $1.6bn within the second quarter.
He went on to stipulate a collection of measures to chop prices by $10bn.
‘Largest in Polish historical past’
When the Santa Clara-based firm introduced its funding in June final yr, it stated the manufacturing unit would supply 2,000 jobs and “assist meet crucial demand for meeting and take a look at capability that Intel anticipates by 2027”.
Then prime minister Mateusz Morawiecki described the plant as “the most important greenfield funding within the historical past of Poland”.
On 13 September, the European Fee cleared Warsaw’s software to offer €1.9bn in state assist to the challenge.
The Wroclaw plant was meant to be a part of a manufacturing community in Europe, along with Intel’s current Irish plant and one other deliberate for the Saxon metropolis of Magdeburg, which can also be suspended for 2 years.
The corporate stated this may arrange “a first-of-its-kind, end-to-end modern semiconductor manufacturing worth chain in Europe”.
Regardless of the setback with Intel, Poland’s Ministry of Digital Affairs stated the federal government was ready to help extra semiconductor investments sooner or later.
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