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German chip dreams are again shelved by Americans. Wolfspeed postpones 3 billion euros factory construction plan.
①Following intel's shelving of the Magdeburg wafer fab project last month, Wolfspeed also announced the suspension of its Germany project; ②In order to attract chip giants to build factories, the German government has provided considerable subsidies, but to no avail; ③Faced with criticism from political opponents, Scholz can only hope that the Taiwan Semiconductor Germany factory project can proceed smoothly.
Express News | German Econ Minister on Wolfspeed: Decision Is Bad for Saarland
The demand for electric cars is slowing down, Wolfspeed (WOLF.US) abandons its plan to build a chip factory in Germany.
Due to the slowdown in demand for electric autos, Wolfspeed (WOLF.US) has abandoned its plan to establish a semiconductor factory in Endorf, Germany.
Wolfspeed Suspends Plans to Build $3.2bn Chip Factory in Germany