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Security Parrot - Cyber Security News, Insights and Reviews > News > Intel will invest 4.2 billion euros in Polish facility
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Intel will invest 4.2 billion euros in Polish facility

Last updated: 2023/06/16 at 11:58 AM
Security Parrot Editorial Team Published June 16, 2023
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Intel’s Expansion Plans in Europe: 4.6 Billion Dollar Facility in Poland

Intel continues to expand its European plans. Today it announced that it wants to set up a new facility in Poland with 4.6 billion dollars (4.2 billion euros).
The new complex in Wrocław should house the construction and testing capabilities of Intel’s chips, Reuters said. It would create thousands of new workplaces, including 2,000 within the facility itself. Construction should be completed in 2027.
After the plans for buildings in Germany, France and Ireland, this is the fourth time that the chip giant has opted for a facility within the EU. For example, European plans to increase chip production on their own continent appear to be receiving broad support from tech companies.

The New Face of Intel

The Intel expansions coincide with a long series of course changes under CEO Pat Gelsinger. Since taking office in 2021, the company has shut down many divisions, overhauled chip production, and is undergoing a major rebrand of its offerings.
Many factors can be attributed to this. Of course, corona has caused a major fluctuation in the demand for desktops, chips and all kinds of other tech products. However, the competitive landscape around Intel is already changing drastically anyway. Since AMD matured Ryzen’s chiplet design, the CPU market is once again a formidable competitor after years of Intel domination. In addition, the influence of ARM architecture has only increased, so that Intel will have felt compelled to take big steps again with x86.

Intel’s Factory Plans in Europe

In any case, it seems that Intel’s factory plans in Europe are a crucial element of the new business strategy. After all, it will also allow other parties to bake chips in Intel fabs.
Intel’s expansion plans in Europe are a clear indication of the company’s commitment to the continent. The 4.6 billion dollar facility in Poland is the fourth such facility Intel has announced in the EU, following plans for buildings in Germany, France and Ireland. This is part of a larger effort to increase chip production in Europe, which has been met with broad support from tech companies.
The expansion plans come as Intel undergoes a major rebranding under CEO Pat Gelsinger. Since taking office in 2021, the company has shut down many divisions, overhauled chip production, and is undergoing a major rebrand of its offerings. This is in response to a major fluctuation in the demand for desktops, chips and other tech products due to the coronavirus pandemic.
Intel’s expansion plans in Europe are also part of a larger effort to stay competitive in the chip market. AMD’s Ryzen chiplet design has made the CPU market a formidable competitor after years of Intel domination. The influence of ARM architecture has also increased, prompting Intel to take big steps with x86.
The new facility in Poland will also allow other parties to bake chips in Intel fabs. This is a great opportunity for Intel to stay competitive in the chip market and increase chip production in Europe. It will create thousands of new jobs, including 2,000 within the facility itself. Construction should be completed in 2027.

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Security Parrot Editorial Team June 16, 2023
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