Poland is one of the countries in the race to host the computer chip maker Intel’s new investment in Europe, a car chip factory which will be part of the company's €80bn investment drive in Europe, Polish media reported on September 14.
Intel’s CEO Pat Gelsinger met Polish Prime Minister Mateusz Morawiecki last week in Gdansk, where Intel runs a research centre, one of its biggest. Poland is not alien to US-tech companies, with the likes of Microsoft and Google having invested in the country in cloud computing centres.
"We want Poland to be the leader of digital changes,” Morawiecki said after the meeting.
"We have received about 70 proposals of locations [for the factory], including three in Poland," Gelsinger told the newspaper Rzeczpospolita. He added that Intel would make the final decision by the end of the year.
According to Gelsinger, Intel would initially invest €10bn-€20bn in Europe before scaling up the project to around €80bn.
Last year, Google was reported as mulling an investment of approximately $2bn (€1.78bn) in a data centre in Poland, part of the company’s Region Google Cloud project.
Google’s plans followed a similar announcement from Microsoft, which said that it would invest $1bn over seven years to develop a data centre and associated cloud computing services for businesses in Poland.
Related Articles
S&P upgrades ratings of Freedom subsidiaries to ‘BB-’
S&P Global Ratings has upgraded the credit ratings of several subsidiaries of Nasdaq-listed Freedom Holding, raising ratings on Freedom Finance, Freedom Finance Europe, Freedom Finance Global and ... more
Kazakhstan’s Freedom fintech sets out to emulate and exceed Revolut in Europe
Freedom Holding Corp (Nasdaq: FRHC) is positioning itself to expand deeper into Europe’s financial services market with plans to launch a digital bank in France, backed by a €500mn ($572mn) ... more
Fintech Freedom Holding aims to make France key entry point into EU with €500mn investment
A French banking licence would open the way to a new phase in the international expansion of Nasdaq-listed fintech group Freedom Holding Corp. That’s the expectation of Freedom, a company ... more