Intel invest $4.6 billion in new chip plant in Poland
Intel invest $4.6 billion in new chip plant in Poland
Intel will invest up to $4.6 billion in a new semiconductor assembly and test facility near Wrocław, Poland, as part of a multi-billion-dollar investment drive across Europe to build chip capacity
Fri 16 - Jun - 2023 707 0
Intel said on Friday it will invest up to $4.6 billion in a new semiconductor assembly and test facility near Wrocław, Poland, as part of a multi-billion-dollar investment drive across Europe to build chip capacity.
The U.S. chipmaker last year announced plans to build a big chip complex in Germany along with facilities in Ireland and France as it seeks to benefit from European Commission's eased funding rules and subsidies as the EU looks to cut its dependence on U.S. and Asian supply.
The facility in Poland will employ 2,000 workers and create several thousand additional jobs during the construction phase and hiring by suppliers, the company said in a statement.
Design and planning for the facility will begin immediately, with construction to commence pending European Commission approval.
Mateusz Morawiecki, prime minister of Poland, called Intel's factory "the largest greenfield investment in the history of Poland".
It expects the facility to come online by 2027.
Intel under CEO Pat Gelsinger has been investing billions in building factories across three continents to restore its dominance in chip making and better compete with rivals AMD , Nvidia and Samsung
Intel also has plans to invest up to $100 billion to build potentially the world's largest chip-making complex in the U.S. state of Ohio.
