That means to put on ice. As in put on hold.

Intel postpones construction of chip factory in Magdeburg – Haseloff against abandonment of the project.

The chip company Intel has put its plans to build a factory in Magdeburg on hold. According to company boss Gelsinger, construction will probably be delayed by two years due to cost-cutting measures. A total of 3,000 direct jobs were to be created on Magdeburg’s Eulenberg. Saxony-Anhalt’s state government assures that the semiconductor plant will nevertheless go ahead.

Or not.