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Intel Halts Investments in France and Italy After $7 Billion Losses: 5 Reasons Why

First of all, the $7B loss is part of Intel's internal restructuring/reporting change as part of IDM 2.0 and the foundry business. Second, if we built all of the fabs that were in press releases during the pandemic I think we all know that there would be an oversupply.

I really do think the semiconductor industry will hit the one trillion revenue mark by 2030 as predicted but a significant part of that will be the rise in the cost of chips to the consumer. If supply exceeds demand again there will be an adjustment, right? Of course semiconductor manufacturers like Intel and TSMC will try and keep the prices/margins up by restricting supply and maximizing utilization. Just my opinion of course.
 
Barnsley said:
In a dramatic shift from its ambitious European expansion plans, Intel has announced a suspension of its investments in France and Italy. This decision follows a significant financial setback for the semiconductor giant, which reported $7 billion in losses last year.

https://techovedas.com/intel-halts-...d-italy-after-7-billion-losses-5-reasons-why/
Click to expand...

I think this article is probably based on another article published in earlier July on Politco European edition.

"The company's 2022 plan envisaged spending tens of billions of euros on new microchip plants or research and development (R&D) facilities in Germany, Poland, Ireland, Spain, France and Italy."

"When asked about the status of the Italian plant, Intel said it was now "focusing on its active manufacturing projects" in Ireland, Germany and Poland."

www.politico.eu

Intel shelves French, Italian chip investments

The chipmaker’s losses have forced it to pause research investments in Europe that could have bolstered region’s semiconductor plans.
www.politico.eu www.politico.eu
 
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