Intel plans €4.2bn Polish fab as EU hub picks up pace

The project marks Intel’s latest in the European Union as the bloc seeks to boost chip production amid rising geopolitical tensions

The announcement comes as the German government is prepared to increase subsidies for the planned plant there to about €10bn (AP Photo/Richard Drew, File)

Intel Corp. plans to invest as much as $4.6bn (€4.2bn) to build a semiconductor assembly and test facility in western Poland, its latest project in the European Union as the bloc seeks to boost chip production amid rising geopolitical tensions.

“With this investment today, and others in the EU, we’re excited to play a critical enabling point to building these more resilient supply chains,” Chief Executive Officer Pat Gelsinger said at a press conference announcing the investment in Wroclaw, Poland on Friday.