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flag Intel cancels German factory plans, faces potential layoffs amid $2.9B loss.

flag Intel has canceled plans to build a semiconductor factory in Germany, citing efforts to streamline global production. flag This move follows a net loss of $2.9 billion in Q2 and comes as the company faces financial pressures. flag Intel also announced potential layoffs and is reviewing its 14A chip process, which could be slowed or halted without significant customer demand. flag The company's future in advanced chip manufacturing now hinges on securing external customers.

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