Poland's third-largest city Wroclaw beat rivals to be home to the next multi-billion dollar Intel chip factory in Europe, with a two-year campaign promising subsidies, infrastructure, talent and a slice of American life
Intel CEO Pat Gelsinger poses after an interview in Wroclaw, Poland, June 16, 2023. REUTERS/Karol Badohal/File Photo
In the face of an unprecedented semiconductor shortage, Europe is offering billions of euros in subsidies to reduce its dependence on Asia. In return, Intel is committing big sums and with Germany already bagging a 30 billion euro investment, Poland decided to crash the party.The U.S.
Two government agencies - the Polish Investment and Trade Agency and the Industrial Development Agency played a key role in the process, officials said. But when Intel announced its European investments in March 2022, Germany was awarded a major factory in Magdeburg while Intel told Poland it would only expand its existing facility in Gdansk."We never said something can't be done," Fabianowicz said.
Intel executives were also impressed by Wroclaw being home to Poland's American football and basketball champions.Intel's new plant will be on a 285 hectare plot, beside another chip factory, the edible variety made by PepsiCo and a factory which makes windows.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
'Motivated and prepared': Canadian Forces engineers training Ukrainian troopsWROCLAW, Poland — A passionate Ukrainian soldier hopes the skills he’s learning from Canadian troops and their allies will ultimately help make a difference in…
Read more »
Bankrupt Ice Cream Chain Ample Hills Is Back (Again)Ample Hills, the Brooklyn-based ice cream chain that went from beloved to bankrupt in a little over a decade, will reopen under its original owners this week. (via EaterNY)
Read more »
Intel reveals plan to build new $33B chip plant in Germany with government helpIntel announcement an agreement to invest $32.8 billion in a chip plant in Magdeburg, Germany. The German government announced it would contribute a third of its cost.
Read more »
2023 NBA Draft intel: Portland's plan for No. 3 pick; latest first-round risersNEW YORK — The 2023 NBA Draft is Thursday (8 p.m. ET, ABC/ESPN), and there will be a lot of intel and speculation coming out the next few days as teams gear up for the big night. Victor Wembanyama is a lock for the No. 1 pick heading to the San Antonio Spurs, but there is still speculation as to what the Charlotte Hornets will do at No. 2, picking between Scoot Henderson and Brandon Miller.
Read more »
You will no longer be able to ride bus 666 to Hel in PolandThe local bus operator announced this week that bus 666 will no longer run to Hel, and that it was changing the line's number to 669.
Read more »
John Durham testimony underscores need for FBI overhaul, House intel leaders sayThe top Republican and Democrat on the House Intelligence Committee said the FBI needs an overhaul, after hearing testimony Tuesday from former Special Counsel John Durham.
Read more »