Intel to invest $4.6 billion in new chip plant in Poland
Baku, June 17, AZERTAC
Intel (INTC.O) plans to 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, it said on Friday, according to Reuters.
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.
"Poland was just a little bit hungrier to win this site," Intel CEO Pat Gelsinger said in a news conference.
Several countries have been vying to get Intel to invest in their regions and some, like Germany, who have secured a commitment from Intel, have been in talks on the amount of subsidies they can doll out.
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