Intel plans to invest up to $4.6B in a new semiconductor assembly and testing plant in Poland. The facility in Wroclaw will join Intel's existing sites in Ireland and Germany, providing a boost to the European semiconductor supply chain. The Polish facility, expected to create around 2,000 jobs, aims to meet the growing demand for assembly and test capacity in the region. - It aligns with Intel's plans for a "semiconductor fab mega-site" in Germany, with both facilities set to be operational by 2027.
- On Friday, sources said Germany was close to reaching a €10B ($10.9B) subsidy agreement with Intel for the construction of the mega site in Magdeburg.
Other projects: - Intel is also expanding with a new R&D hub in France and investments in Ireland, Italy, Poland, and Spain.
- In total, Intel will invest over €33B ($36B) in European R&D and manufacturing, contributing to a €80B ($87B) commitment in the EU over the next decade.
The EU is targeting a 20% share of global semiconductor manufacturing capacity by 2030, which is twice its current level. - The move aligns with global efforts to subsidize domestic chip manufacturing and address the global chip shortage while enhancing U.S. national security.
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