Intel said it plans to invest up to $4.6 billion to build a semiconductor assembly and test facility in Poland, with the plant helping “meet demand for assembly and test capacity anticipated in coming years.”
In a press release, the chip maker said the plant would create about 2,000 Intel jobs. The plant is expected to be operational by 2027.
Intel INTC +0.67% (ticker: INTC) was rising 0.9% in premarket trading. The stock has gained 35% this year.
The company operates a wafer fabrication plant in Ireland, and announced plans last year for another in Germany. The plant in Poland “will help create a first-of-its-kind end-to-end leading-edge semiconductor manufacturing value chain in Europe,” Intel said.
“Poland is already home to Intel operations and is well-positioned to work with Intel sites in Germany and Ireland,” said Intel CEO Pat Gelsinger. “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.”
Bloomberg reported that Intel was set to receive almost $11 billion in subsidies from the German government for its chip-making plant in the country. An official announcement could come Monday, Bloomberg reported, citing people familiar with the matter.
