Intel Corp (INTC) Delays German Fab Construction Amid Strategic Reevaluation

A technician soldering components for a semiconductor board. Intel Corporation (NASDAQ:INTC)

Market Capitalization: $107 Billion

Intel Corporation (NASDAQ:INTC) markets key technologies for smart devices. German media is reporting that the local government of the German state of Saxony-Anhalt, has said that the decision of the company to delay the construction of a semiconductor fab facility in the area was made in close coordination and reflects the strategic orientation of both partners to jointly evaluate the framework conditions and potential schedules and adapt to market needs. Intel has been beset by financial woes in recent months and growth plans have taken a backseat as the chipmaker evaluates takeover bids.

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