Mateusz Morawiecki, Prime Minister of Poland, called the Intel plant “the largest greenfield investment in the country’s history.”
Intel Corporation is investing $4.6 billion in a new chip manufacturing plant in Poland. On Friday, June 16, Reuters wrote.
It is reported that the production will appear near Wroclaw. The plant will be built as part of a multibillion-dollar investment program across Europe aimed at increasing chip manufacturing capacity.
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The Polish plant is expected to employ 2,000 workers and create several thousand additional jobs during the construction and procurement phase.
Design and planning of the facility will begin immediately, and construction will begin after receiving approval from the European Commission.
Last year, the American manufacturer announced plans to build an extensive chip manufacturing facility in Germany, as well as in Ireland and France. So, Intel aims to benefit from lighter funding and subsidy rules by the European Commission as the EU seeks to reduce its reliance on supplies from the US and Asia.
Recall that the President of Ukraine Volodymyr Zelensky and the head of the EBRD discussed investments in Ukraine.
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Source: korrespondent
I’m Liza Grey, an experienced news writer and author at the Buna Times. I specialize in writing about economic issues, with a focus on uncovering stories that have a positive impact on society. With over seven years of experience in the news industry, I am highly knowledgeable about current events and the ways in which they affect our daily lives.