Intel Plans Semiconductor Plant in Poland!
Polish plant would add to Intel’s wafer facility in Ireland and a planned factory in Germany!
Intel INTC plans to build a $4.6 billion semiconductor assembly and test facility in Poland, giving the country a coveted place in the chip giant’s growing European production.
Tweet on Intel investment in Poland
@intel plans to build a $4.6 billion semiconductor assembly and test facility in Poland, giving the country a coveted place in the chip giant’s growing European production, @wsj reports#intel #chip #polandhttps://t.co/5kBHDMkLmE
— The_Journalbiz (@the_journalbiz) June 16, 2023
WSJ tweet news on Intel
The planned factory will be built near the southwestern city of Wroclaw, already a hub for American business in Poland.
Europe and the U.S. are trying to pivot from their recent reliance on Asian capacity by plying chip makers with subsidies and other economic incentives to build new factories on both sides of the Atlantic.
Intel already has a wafer fabrication site in Ireland and another planned in neighboring Germany. The three facilities will “increase resilience and cost efficiency of the European semiconductor supply chain,” the company said.
The $53 billion Chips Act seeks to end the U.S.’s reliance on foreign-made semiconductors, especially those used by the Pentagon. It’s the latest example of the federal government using its cash to remake an industry it sees as crucial to national security.
The factory also represents an economic boost for Poland. The new facility would create some 2,000 Intel jobs and thousands more across the supply chain, Intel said.
Semiconductors go into just about every electronic device and are critical to a range of industries, including smartphones, cars, military equipment and healthcare devices.
