Intel Facility Is Largest Greenfield Investment In Poland, PM Says

Warsaw
Polish Prime Minister says Intel’s new semiconductor assembly and test facility near Wroclaw, western Poland, will the biggest greenfield investment in the country and that he hoped it would attract other investors.
Intel announced on Friday it will invest up to $4.6 billion in the new facility as part of a multi-billion-dollar investment drive across Europe to build chip capacity. 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. Design and planning for the facility will begin immediately, with construction to commence pending European Commission approval.
Mateusz Morawiecki, prime minister of Poland, called Intel’s factory the largest greenfield investment in the history of Poland. The company, which has been in the country for 30 years and employs 4,000 workers, said it chose Poland because of its infrastructure, available talent and noted the site is close to its planned factory in Germany and its site in Ireland.
It expects the facility to come online by 2027. Intel under CEO Pat Gelsinger has been investing billions in building factories across three continents to restore its dominance in chip making and better compete with rivals AMD , Nvidia and Samsung. Intel also has plans to invest up to $100 billion to build potentially the world’s largest chip-making complex in the U.S. state of Ohio.