Intel Plans $4.6B Investment On Poland Soil, Builds First-Of-Its-Kind Facility

Intel Corp INTC announced an investment of $4.6 billion for building an assembly and test facility in Poland.

The facility is expected to aid the company in meeting assembly and test capacity demand by 2027.

The new investment in Poland, coupled with its existing wafer fabrication facility in Ireland, and its planned facility in Germany, will help the creation of a distinctive and comprehensive semiconductor manufacturing value chain in Europe.

The facility will also help drive the cost efficiency of the European semiconductor supply chain. 

The facility, located near Wrocław, is expected to create around 2,000 jobs and thousands of indirect supplier and temporary construction jobs.

"Poland is already home to Intel operations and is well positioned to work with Intel sites in Germany and Ireland. It is also very cost-competitive with other manufacturing locations globally and offers a great talent base that we are excited to help to grow. We're grateful for the support from Poland as we work to grow the local semiconductor ecosystem and contribute to the EU's goal of creating a more resilient and sustainable semiconductor supply chain," said Intel CEO Pat Gelsinger.

Also Read: What's Going On With Intel Stock Thursday?

Price Action: INTC shares are trading higher by 0.95% at $36.16 premarket on the last check Friday.

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