US EditionIntel Cancels Plans for Major Factory Investment Near Wrocław
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Loss-making US computer chipmaker Intel has scrapped plans to build two large chip factories in Germany and Poland, the company said, citing the company's desire to optimize production capacity, German news agency dpa reported.
Intel Cancels Plans for Major Factory Investment Near Wrocław
This marks the final end of hopes for the construction of a large factory by technology giant Intel near Wrocław. On Wednesday, the American tech powerhouse officially declared that it is abandoning the project. In June 2023, news broke that Intel would invest record-breaking funds in a facility near Wrocław. The tech giant had announced […] The post Intel Cancels Plans for Major Factory Investment Near Wrocław appeared first on PolandDaily24.co…
The mayor of Miękinia, Jan Marian Grzegorczyn, said Intel's final decision to abandon the construction of a factory in the commune is "positive news." "The land will not remain in limbo and can be offered to other buyers," he stated.
It was supposed to be the largest technological investment in Poland, creating thousands of jobs and global prestige. However, Intel has abandoned the project and is completely withdrawing from building a microprocessor factory near Wrocław.
American giant Intel has canceled planned projects in Poland and Germany. This means that the factory near Wrocław will not be built.
Intel CEO Lip-Bu Tan announced the cancellation of previously suspended investments in Poland and Germany. "Over the past few years, the company has invested too much, too quickly, without adequate demand," he stated in a letter to employees dated July 24. We revisit the report on what remains of the failed major investment near Wrocław.
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