Intel to Fund $4.6 Billion in New Chip Plant

CIOTechOutlook Team | Friday, 16 June 2023, 11:42 IST

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As part of a multi-billion dollar investment drive across Europe to increase chip production, Intel announced it will invest up to $4.6 billion in a new semiconductor assembly and test plant close to Wroclaw, Poland.
 
In an effort to take advantage of the European Commission's loosened funding requirements and subsidies as the EU strives to reduce its reliance on U.S. and Asian supply, the U.S. chipmaker revealed plans to build a sizable chip complex in Germany along with facilities in Ireland and France last year.
 
According to the firm, the Polish factory will employ 2,000 people and generate thousands more jobs during construction and supplier recruiting.
 
The facility's planning and design will start right away, and building will start after receiving clearance from the European Commission.
 
Mateusz Morawiecki, prime minister of Poland, called Intel's factory "the largest greenfield investment in the history of Poland".
 
The business, which has 4,000 employees and has been operating in the nation for 30 years, cited Poland's talent pool, infrastructure, and location in relation to both its proposed facility in Germany and its site in Ireland as factors in its decision.
 
By 2027, it anticipates the facility to be operational.
 
In order to regain its position as the industry leader in chip manufacturing and more effectively compete with AMD, Nvidia, and Samsung, Intel, led by CEO Pat Gelsinger, has invested billions in the construction of plants on three continents.
 
Additionally, Intel intends to spend up to $100 billion to perhaps construct the largest chip manufacturing facility in the world in the U.S. state of Ohio.
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