Intel’s $1.91 billion Polish investment gets EU approval

Despite Intel’s delays in a similar project in Germany, Polish officials are optimistic about the timely progression of their initiative.
Intel's shares have fallen nearly 60% this year, prompting interest from major players like Apollo and Qualcomm.

The European Commission has approved Poland’s plan to provide Intel with more than 7.4 billion zlotys ($1.91 billion) in state aid to support the development of a new chip assembly and testing plant. This significant investment aligns with the EU’s Chips Act, which aims to increase Europe’s share of the global chip market to 20% by 2030. Intel intends to invest up to $4.6 billion in the facility near Wroclaw, Poland, and it is expected to boost economic growth and technological advancement in the region.

Poland’s Deputy Prime Minister Krzysztof Gawkowski confirmed that the aid package would span 2024-2026, while additional legislation is required before finalising the deal. The government expects the process to be completed by the end of this year, enabling construction to begin soon after. This investment represents the largest of its kind in Poland in decades, promising to strengthen its economy and technological sector.

Meanwhile, Intel is also pursuing a $33 billion chip manufacturing project in Germany, but this venture has faced delays. Despite Intel’s ongoing cost-cutting efforts, Polish officials remain confident that their country’s investment plans with Intel will proceed as scheduled. This partnership is seen as a critical step toward securing Poland’s role in the global semiconductor supply chain and attracting further high-tech investments.