Intel CEO Lip-Bau is making progress on his plan for the company to shed its inefficiencies. And that includes spiking several manufacturing projects.
The semiconductor giant reported Thursday in its second-quarter earnings report that it will delay, and in some cases, not move forward with multiple manufacturing projects. Specifically, Intel said it was no longer going forward with its previously-announced projects in Germany and Poland. Those projects included an assembly and testing facility in Poland and a chip factory in Germany. Both projects have been sitting in limbo since being suspended in 2024, shortly after being announced.
The company also plans to consolidate its test operations in Costa Rica and concentrate these…
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