Intel's big $5 billion bet on Ireland aims to right the wrongs of the cancelled Magdeburg, Germany complex — Fab 34's proven pipeline and Intel 3 node should help the company meet insatiable HPC from Latest from Tom's Hardware on 2026-07-15 11:20 (#770B1) The announcement comes just shy of a year after CEO Lip-Bu Tan cancelled Intel's planned 30 billion fab complex in Germany and a 4.6 billion assembly and test plant in Poland.