Intel recently announced its plan to delay the construction of two mega chip-making factories in Germany and Poland. The chip maker attributed its decision to a lower demand for its chips than earlier anticipated.

Intel has announced its decision to spin off its chipmaking division, a move aimed at reversing significant financial losses and a declining stock price. The announcement was made by CEO Pat Gelsinger,

The financial difficulties faced by tech giant Intel seem likely to hit its operations in a number of regions, including Poland and Malaysia, with delays likely for chip-related operations in both countries.

Chip-making giant Intel on Monday said it was delaying its plans to build two mega chip-making factories in Germany and Poland as the company faces lower demand than anticipated. The announcement will come as a major blow to the German and Polish governments that have heavily subsidized the projects and touted them as a boost to their national industry.

Chip-making giant Intel yesterday said it was delaying its plans to build two mega chip-making factories in Germany and Poland as the company faces