Intel’s plans to delay the EU’s largest chip-making facility would dent the bloc’s goal to produce 20% of global semiconductors, experts say US tech giant Intel is halting construction of two chip manufacturing plants in Germany as it struggles to counter shrinking sales and mounting losses, the company’s CEO Pat Gelsinger announced on Monday. According to Gelsinger, the project in the city of Magdeburg in Saxony-Anhalt is expected to be delayed by around two years. The company had planned to build two chip factories in Magdeburg worth over $33 billion, creating some 3,000 jobs as part of a larger investment pl
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