In view of the postponement of the start of construction for the chip production in Magdeburg by the American company Intel, Chancellor Reiner Haseloff (CDU) is relying on a new schedule. “I know what I know. And the fact that our base, including the Chancellery, including Brussels, tells us one thing: for logical reasons, this project must be maintained and must be maintained at this point,” Haseloff said in Magdeburg. “We must now take a break,” Haseloff said in Magdeburg. The working group agreed that it should be put on standby mode. The group, which includes the Federal Chancellery, the Saxony-Anhalt State Prime Minister’s Office, the Ministry of Economic Affairs and Intel, must examine closely what should be maintained within two years. It is about applications.
Haseloff stressed that Intel is the owner and investor of Magdeburg. The company has the right to continue processing the application. Demolition is not an option for the chancellor. The project has reached a “unique working status.” Saxony-Anhalt has done its homework.
Intel, which is struggling with deficits, has announced that it will put construction of the Magdeburg plant on hold for the time being. The period is about two years. The federal government has pledged almost 10 billion euros for this. Construction is scheduled to begin this year. About 3,000 jobs will be created. The investment is estimated at about 30 billion euros.
Intel, once a pioneer in the industry, is struggling with financial concerns and needs to cut costs. Photo: Andrey Sokolov/dpa
