This is happening, according to the company, due to lower demand than expected.
Both the German and Polish governments have planned large subsidies for investments to make them a significant addition to their industrial sector.
Germany has prepared to contribute up to 10 billion euros in support to the factory, which is estimated to cost a total of 30 billion euros – approximately 340 billion kronor.
A consolation for the also, for other reasons, heavily pressured German government is that it means that the equally heavily strained German budget will get some relief.
Poland had said it would contribute 1.8 billion euros to a factory.
"We recently increased capacity in Europe through our factory in Ireland and it will be our most important in Europe for the foreseeable future", Intel's CEO Pat Gelsinger announced in a statement.
He adds:
"We are pausing our projects in Poland and Germany for approximately two years, based on expected demand".
