Intel Faces Uncertainty Over German Chip Plant Plans

Concerns about cost-cutting measures and project delays impact stock performance

Intel's stock dropped 6.1% amid doubts about its new semiconductor plants in Germany.
The company planned to invest $33 billion in the Magdeburg facilities, with a third subsidized by the EU.
Rival TSMC's progress on its own $11 billion German plant adds competitive pressure.
Intel's shares are down nearly 60% in 2024, contrasting with industry peers buoyed by AI advancements.
Investors remain uncertain about Intel's restructuring and future in the contract fab market.