Intel to Build Chip Factory in Poland for Up to $4.6 Billion
16 June 2023 - 7:27PM
Dow Jones News
By Mauro Orru
Intel Corp. set out plans to build a new semiconductor assembly
and test facility in Poland with an investment of up to $4.6
billion, a move the company says will help meet growing demand in
coming years.
The chip maker said Friday that design and planning for the new
facility would begin immediately, with construction starting once
approved by the European Commission, the European Union's executive
arm. The new facility near Wroclaw will create some 2,000 Intel
jobs and thousands more in the supply chain, Intel said.
Intel Chief Executive Pat Gelsinger said Poland is very
cost-competitive compared with other manufacturing locations.
"Poland is already home to Intel operations and is well positioned
to work with Intel sites in Germany and Ireland," he said.
The group has a wafer fabrication facility in Leixlip, Ireland,
and has planned a similar plant in Magdeburg, Germany.
Write to Mauro Orru at mauro.orru@wsj.com; @MauroOrru94
(END) Dow Jones Newswires
June 16, 2023 05:12 ET (09:12 GMT)
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