In a note sent to employees and later published, Intel CEO Pat Gelsinger announced the decision: "We will pause our projects in Poland and Germany by approximately two years based

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.

The U.S. chipmaker’s move to delay the project in Magdeburg by about two years is a blow to the EU’s goal of producing one-fifth of the world’s semiconductors by 2030.