Poland hopeful to host Intel’s car chip factory

By bne IntelliNews September 15, 2021

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

Alior Bank to pay out PLN570mn in first ever dividend

Alior Bank will pay out a dividend of PLN570mn (€122mn) from the profit generated in 2023, the Warsaw-listed lender said on February 28. The payout is in line with recommendations of the Polish ... more

EBRD buys into Poland’s Pekao Eurobond issue

The European Bank for Reconstruction and Development (EBRD) invested €20mn in debut Eurobonds issued by the state-controlled Bank Pekao, the second-largest Polish lender by assets, the EBRD said on ... more

Four Polish lenders form consortium to finance Polsat Plus Group’s wind farm project

PKO Bank Polski, along with three other banks, has entered into a consortium agreement with Great Wind, a subsidiary of the Polsat Plus Group, a media and entertainment company, to finance the ... more

Dismiss