Trump's election victory endangers Magdeburg's Intel factory and 3000 jobs!

Trump's election victory endangers Magdeburg's Intel factory and 3000 jobs!

Magdeburg, Deutschland - In Magdeburg, the rumor mill is bubbling! The US-Riese Intel had major plans for the construction of two state-of-the-art chip racks on Eulenberg, which should cost 30 billion euros and should create 3,000 jobs. But now everything could be over! With Donald Trump's victory in the US elections, experts fear that the project is finally on the brink. IWH President Reint Gropp is concerned about it and considers the chances to open the work as "extremely unlikely".

The alarm bells ring, because Intel has already announced that it saves over $ 10 billion in drastic savings measures and deleted 15 percent of the workforce. The construction of the Magdeburg factory was put on hold - a delay of two years is in the room. And that's not all: the Federal Government can be happy that no funds have been flowed to Intel so far, because the group has losing a billion dollar in the last quarter. Analysts expect the red numbers to not disappear in the coming year.

Trump's economic policy ensures uncertainty

The concerns about the future of the Intel location are reinforced by Trump's economic policy agenda. The IWH President warns of possible punitive tariffs for exports to the United States, which were a central topic during the election campaign. Trump's “America First” policy could significantly burden economic relations with Germany. Customs could drive up the costs for German companies and let prices rise - an inflationary pressure that nobody needs!

While the politicians in Saxony-Anhalt remain optimistic and emphasize that the project is only postponed, not canceled, the question remains: How long can you hope? The Federal Government's East Commissioner, Carsten Schneider, criticizes Gropp's pessimistic perspective and does everything possible to support the settlement with subsidies. But time is pushing, and the future of the Intel location in Magdeburg is on the brink!