Magdeburg's future on the brink: Intel chip factory in the savings program?
Magdeburg's future on the brink: Intel chip factory in the savings program?
The future of the planned Intel Chip Abplaces in Magdeburg is on the brink. The US technology group has a profound crisis, and the company strokes thousands of areas to compensate for the stagnating sales. The billion -dollar project, which was to be funded at around ten billion euros, could thus become the target of the savings program. The uncertainty about the construction of the Chipfabrik ensures concern in politics, which has already taken measures to maintain clarity about the situation.
Recently, Chancellor Olaf Scholz and the President of the EU Commission, Ursula von der Leyen, contacted the Intel boss Pat Gelsinger to receive information about the status of the project. You want to know whether Intel continues to be the plans for the mega work in Magdeburg, which was intended as a figurehead for the region and as a creator of thousands of jobs. These conversations show how serious the situation is perceived at the political level.
The economic consequences of the crisis at Intel
The worries are not unjustified. Intel had originally promised to create around 3,000 new jobs in Magdeburg. The first employees have already been recruited, and it was planned to further intensify the recruitment by 2025. At the top, the number of new settings should also be over 1,000 in one year. However, this positive view could be seriously at risk from the company's financial imbalance. The group has announced that they save around $ 10 billion and take drastic measures by 2025, including the closure of factory projects.
The high electricity costs in Germany also have a considerable risk of the profitability of the new work. Compared to other locations, electricity in Germany is relatively expensive, which could increase the operating costs of the chip factory. The Magdeburg location would also be the first in Germany for Intel, so that no existing suppliers in the region would be directly affected if the project is canceled.
The arguments for the Magdeburg location
Despite the challenges, there are also strong arguments for the continuation of the project. Intel emphasizes that the proximity to potential suppliers and the generous subsidies of the German government are great advantages for the location. So far, despite the promise of subsidies, Intel has not received any capital from the US government, which has led to growing frustration within the company.
The strategic realignment of Intel, in which the company no longer only produces its own chips, but also produces for third -party customers, the German Factory in Magdeburg could make it an important part of the future business perspective. In order to stay competitive to the Taiwanese market leader TSMC, it is crucial for Intel to catch up and to win large customers such as Apple and Tesla. The work in Magdeburg could play a key role in this context.
The coming weeks will be decisive because the upcoming committee meeting in September could possibly bring clarity about the future of the project. The German government remains in close contact with Intel, hoping that the billion dollar project in Magdeburg will not be abandoned. The effects of this decision will be of enormous importance not only for politics, but also for the labor landscape in the region.