How Poland snagged Intel's multi-billion dollar investment

WROCLAW, Poland/STOCKHOLM : Poland's third-largest city Wroclaw beat rivals last week to be home to the next multi-billion dollar Intel chip factory in Europe, with a two-year campaign promising subsidies, infrastructure, talent and a slice of American life.

Poland initially impressed Intel executives with the speed in which it responded to queries and addressed concerns, Intel said."As you are picking a location, imagine you are going on a date. You have a sense, oh they really want this to work," Gelsinger said."We definitely came away with a strong belief that the local government want to make this work."

Many meetings were conducted remotely due to COVID-19 restrictions, officials said. Marcin Fabianowicz, director of the PAIH's investment centre later met with a representative from ARP and two senior Intel executives. Codenamed"Project IQ", government and municipal officials worked confidentially on strategies to lure the chipmaker.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Chipmaker Intel restructures manufacturing businessIntel Corp said on Wednesday its manufacturing business will work like a separate unit and will begin to generate a margin, but gave no clear timeline on when it will start scaling up, sending the chipmaker's shares down about 5 per cent.The company also did not name a new external customer for the busine
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

EU hopes for 160 billion euros of investment in key technologiesBRUSSELS : The European Commission asked EU governments on Tuesday to come up with an extra 10 billion euros for 2024-27 to leverage a total of 160 billion euros worth of investment in key technologies, including renewable energy.The call comes as the European Union executive is reviewing the bloc's long-
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »