BERLIN, Sept 17 (Reuters) - German Chancellor Olaf

Scholz said on Tuesday that Intel ( INTC ) would stick with its plan to

build a factory in Magdeburg despite its announcement to delay

construction of the project by two years amid cost-saving

measures.

"The decision to postpone the project in Germany for two

years is a decision that also includes the intention to stick

with it," Scholz said.

"It is important for us that we take this opportunity in

this very volatile business of the semiconductor industry to

help ensure that there is nevertheless a further expansion of

the already profound capacities in Germany," he said.