Intel may delay building Magdeburg fab slated for early 2023

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Intel may delay building Magdeburg fab slated for early 2023
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No longer 'a definitive date' for facility scheduled to be built from next year

at a site in Ohio because the US government was dragging its heels over approving the US CHIPS Act that authorizes subsidies for it and other chipmakers.

As it turned out, the company had merely postponed a ceremony intended to celebrate the start of the construction, but it did say the scope and pace of its expansion in Ohio would depend heavily on funding from the CHIPS Act being forthcoming. Meanwhile, The Times of Israel reports that Intel has laid off dozens of employees at its operation in the country, citing financial reasons. It said that other Intel Israel employees were offered retirement packages or unpaid leave, and that this may grow to include thousands of staff.from their jobs, all said to be part of a massive cost reduction exercise, with the company said to be aiming to save $3 billion annually from next year and by between $8 billion and $10 billion by 2025.

The updated oneAPI tools also add support for the chip giant's upcoming 4th Gen Xeon Scalable processors, Xeon Max Series and its Datacenter GPUs, including the Flex Series and the new Max Series. ®

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