Plans for a $400 million solar cell facility in Colorado have been scrapped just two months after Secretary of State Anthony Blinken highlighted the project as an example of world-leading foreign investment.
The Intel semiconductor plant in Colorado Springs was slated to be converted into a solar cell facility by the Swiss solar panel manufacturer Meyer Burger.
However, on Monday, the company announced the plans would not go ahead, stating in a press release that the construction was “currently not financially viable and has been put on hold.”