U.S. chipmaker Intel has officially canceled plans for a semiconductor facility in Germany, putting an end to a project that has been on hold for nearly a year due to global production streamlining efforts.

• Investment of 30 billion euros (approximately 35 billion U.S. dollars) was planned for the factory in Magdeburg.
• Key organization involved: Berlin, which had pledged around 10 billion euros in subsidies.
• The project was expected to create 3,000 direct jobs and up to 18,000 indirect jobs in the region.