Intel to build a $4.6 billion semiconductor factory in Poland
Intel intends to invest up to $4.6 billion in the creation of a new semiconductor manufacturing and testing plant in Poland, near the city of Wroclaw. This is part of Intel's multi-billion-dollar investment campaign aimed at European countries, as reported by Reuters. According to the agency, several European countries are competing for these investments, with some, like Germany, even offering additional subsidies to Intel.
This project is also aligned with Intel's plans for the development and expansion of semiconductor production, which coincides with the interests of the European Union aiming to reduce its dependence on supplies from the United States and Asia.
Earlier, the American microchip manufacturer announced plans to build a large complex in Germany, as well as separate facilities in Ireland and France. Now, Poland has also secured a deal with the American IT giant. The plant near Wroclaw will provide employment opportunities for 2,000 experts and create thousands of additional jobs during the construction and supplier selection stages.
Details regarding the level of subsidies offered by Poland to convince Intel to choose the country have not been disclosed yet. However, Prime Minister Mateusz Morawiecki referred to the Intel factory as "the largest investment from scratch in the history of Poland."
"Poland just wanted this deal a little more," said Intel CEO Pat Gelsinger at a press conference.
Intel has been present in Poland for 30 years and currently employs 4,000 people there. The company stated that it chose Poland due to its infrastructure and the availability of talented workforce. Additionally, the location for the new production facilities is conveniently situated in relation to the planned factories in Germany and Ireland.
The design and planning of the facility will commence immediately, and construction will begin even before receiving approval from the European Commission. The plant is expected to be operational by 2027.
Under the leadership of Pat Gelsinger, Intel, known primarily as a processor manufacturer, has invested billions of dollars in constructing factories on three continents to regain its dominance in chip manufacturing and better compete with other manufacturers such as AMD, Nvidia, and Samsung.