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Intel has shelved investment in Italy, minister says

This seems about 9 months late....from June of last year:

" Intel is to build its first semiconductor assembly and test plant at Wrocław, Poland, and will support external foundries for the first time.
The company, which had previously looked in France and Italy for a site, will spend up to $4.6bn (€4.2bn) on the Polish plant to open by 2027. The plant will be able to accept wafers and chips from Intel, Intel Foundry Services or other foundries in a major move away from purely in-house capacity."

https://www.eenewseurope.com/en/int...-and-test-plant-in-poland-to-other-foundries/
 
bruce24 said:
This seems about 9 months late....from June of last year:

" Intel is to build its first semiconductor assembly and test plant at Wrocław, Poland, and will support external foundries for the first time.
The company, which had previously looked in France and Italy for a site, will spend up to $4.6bn (€4.2bn) on the Polish plant to open by 2027. The plant will be able to accept wafers and chips from Intel, Intel Foundry Services or other foundries in a major move away from purely in-house capacity."

https://www.eenewseurope.com/en/int...-and-test-plant-in-poland-to-other-foundries/
Click to expand...

The Intel Poland assembly and testing plant in Wrocław, Poland is about five hours drive to Intel's new fab in Magdeburg Germany. Maybe Italy was used as a bargain chip for Intel to get more concessions from Poland throughout the whole site selection process.

It's a loss for Italy. But who knows. It may be a blessing in disguise.
 
blueone said:
Poland is a much lower cost country than Italy, by like 60% for labor. The unionization rate is also low. I suspect these factors figured prominently into Intel's decision.
Click to expand...
Poland's not going to be that much cheaper than Italy for too long. It's doing pretty well. Good choice if you're investing in Europe. Very sad that Italy isn't doing well these days - basically been flatlining for around 20 years.
 
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