Is Germany in crisis? Giants consider pulling billions from economy
fortune.com
Intel is reconsidering a €30 billion factory while Volkswagen contemplates closures as German industry drowns in a two-year recession.
    • ☆ Yσɠƚԋσʂ ☆OP
      7·
      11 days ago

      I didn’t even realize it way paywalled because bypass paywalls plugin gets around it, I added an archive link

  • golli@lemm.ee
    21·
    11 days ago

    Not denying that Germany faces serious issues, but using Intel as an example to show Germany’s national problems imo is just wrong. Ifthey want to make that connection they better provide some evidence showing this move isn’t purely motivated by the internal problems Intel currently faces, which recently have been in the news quite a bit.

    Now if TSMC suddenly decides to cancel their new German fab (admittedly not leading edge like Intel’s would have been), then it’s a point taken.

    Also you can’t withdrawal what isn’t there. They have barely started doing any work in Magdeburg

    • ☆ Yσɠƚԋσʂ ☆OP
      21·
      11 days ago

      Intel is ultimately driven by exact same logic as any other private enterprise. If Intel doesn’t see building fabs in Germany as being profitable then neither will other companies. The fact that Intel has financial woes isn’t really a factor here.