Intel to establish $4.6bln new chip plant in Poland

U.S. tech giant Intel announced on Friday its plans to invest up to $4.6 billion in a new semiconductor assembly near Wrocław, Poland, as part of a multi-billion-dollar investment drive across Europe to build chip capacity.

According to the company’s statement, the plant will employ about 2,000 workers and create several thousand additional jobs during the construction phase and hiring by suppliers.

“Poland is very cost-competitive with other manufacturing locations globally and offers a great talent base that we are excited to help grow,” said Intel CEO Pat Gelsinger.

Poland’s Prime Minister Mateusz Morawiecki added, “We are pleased that the largest greenfield investment in the history of Poland is being led by Intel, a Silicon Valley legend known for its innovation.”

It is worth mentioning that 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.