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Intel is scrambling to stanch the bleeding of its floundering foundry enterprise, but in Poland at the least the chipmaker’s good fortune is taking a look up.
On Friday, Poland’s Deputy Prime Minister Krzysztof Gawkowski printed the European Price has backed a $1.9 billion (7.4 billion zlotys) explain aid package for Intel so that the x86 giant can extend its foundry plant in the nation.
“This investment is worth, both in terms of the aid package and in total, over 25 billion zlotys ($6.47 billion),” Gawkowski said.
The announcement comes a little over a year after Intel shared its plans to assemble a $4.6 billion assembly and trying out facility originate air Wroclaw, Poland. The facility is anticipated to support Intel’s other trends in the jam and beyond, together with its €30 billion chip fab in Magdeburg, Germany.
At the time, Intel claimed the facility in Poland would make spend of roughly 2,000 employees and be responsible for cutting down raw done wafers manufactured by neighboring fabs into person chips and chiplets for packaging.
Unfortunately for Intel, it’ll be a sizzling minute before it can pronounce these candy, candy zlotys. While the EU has given the Polish govt the inexperienced gentle to disburse the funds, there is peaceable some crimson tape to determined. Particularly, the Polish govt peaceable desires to hurry legislation and take a look at some containers with the European Price before it can finish the deal, one thing the nation’s Deputy Digital Affairs Minister Dariusz Standerski expects desires to be accomplished by the end of the year.
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While a clear rep for the spiteful American chipmaker, the EU approval would possibly presumably well additionally plan too slack to find a inequity. With his foundry division bleeding billions of bucks every quarter, and extra than 16,000 positions now on the slicing block, Intel CEO Pat Gelsinger will reportedly present remedies to his board later this month, which would possibly presumably well additionally comprise paring aid or delaying its foundry growth in some areas, and potentially even spinning off the division totally.
If these plans cease comprise delaying or canceling the Polish assembly plant, it’ll be information to Gawkowski.
“We have not received any signals in recent weeks or months regarding a change in position … Based on today’s information, there is nothing that would show a slowdown in this investment,” he became as soon as quoted as asserting. “Investment in the Intel factory in Poland will guarantee both better economic development and greater security.”
The Register reached out to Intel for comment referring to the funding, and plans for the Polish plant. A spokesperson told us: “We appreciate the Polish governments’ continued support and partnership as we work towards our shared ambition of a more globally resilient semiconductor supply chain.” ®