Intel announced that it has selected an area near Wrocaw, Poland, as the site of a semiconductor assembly and test facility. This facility will help meet critical demand for assembly and test capacity that Intel anticipates by 2027. Intel expects to invest up to $4.6B in the facility, which will have the capacity to expand. When completed, the facility will support approximately 2,000 Intel employees. The construction of the facility is also expected to create several thousand more jobs, in addition to eventual hiring by suppliers. Design and planning for the facility will begin immediately, with construction to commence pending European Commission approval.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Published first on TheFly
See Insiders’ Hot Stocks on TipRanks >>
Read More on INTC:
- Intel Is Steadily Creating a Chip Ecosystem in Europe; Eyes $10.8B German Subsidy
- Intel announces ‘major brand update’ ahead of upcoming Meteor Lake launch
- AMD price target raised to $170 from $100 at Argus
- AMD price target raised to $137 from $97 at Goldman Sachs
- Mobileye price target raised to $50 from $42 at Evercore ISI