Intel is investing $4.6 billion in a new chip facility in Poland.
The company aims to expand chip capacity and strengthen production in Europe.
The facility is expected to create thousands of jobs and is scheduled to be operational by 2027.
Intel Strengthens Chip Production in Europe with Major Investment in Poland
Intel Expands and Creates Jobs in Poland; Image: Financial Time
US chip manufacturer Intel has announced plans to invest up to $4.6 billion in a new semiconductor assembly and testing facility near Wrocław, Poland. This investment is part of a multi-billion-dollar initiative across Europe to expand chip capacity.
The new facility will employ around 2,000 workers and create additional jobs during the construction phase and through supplier hiring. Design and planning will commence immediately, pending approval from the European Commission.
Polish Prime Minister Mateusz Morawiecki described the factory as "the largest investment in Poland's history." Intel, which has had a presence in the country for 30 years and currently employs 4,000 people, chose Poland due to its infrastructure, available talent, and proximity to its planned factories in Germany and Ireland.
The company aims to have the facility operational by 2027, expecting it to strengthen chip production in Europe. In recent years, Intel, under CEO Pat Gelsinger, has invested billions in building new factories on three continents to regain its dominance in chip manufacturing and better compete with rivals such as AMD, Nvidia, and Samsung.
In addition to the investment in Poland, Intel also has plans to invest up to $100 billion to build what could potentially become the world's largest chip-making complex in Ohio, United States.
