Okay, deep breath, let's get this over with. In the grand act of digital self-sabotage, we've littered this site with cookies. Yep, we did that. Why? So your highness can have a 'premium' experience or whatever. These traitorous cookies hide in your browser, eagerly waiting to welcome you back like a guilty dog that's just chewed your favorite shoe. And, if that's not enough, they also tattle on which parts of our sad little corner of the web you obsess over. Feels dirty, doesn't it?
Intel’s Polish Payday: $1.9 Billion Boost Can’t Mask Foundry Woes
Intel’s foundry business might be floundering, but in Poland, it’s getting a $1.9 billion boost. With EU approval, Intel plans to expand its plant, promising better economic development and security. However, red tape and internal woes could delay those sweet, sweet zlotys.
Hot Take:
Intel may be bleeding cash, but in Poland, it’s getting a zloty transfusion! The European Commission just handed Intel a $1.9 billion state aid package, proving that sometimes, even in the semiconductor world, you gotta spend zlotys to make zlotys.
Key Points:
- The European Commission approved a $1.9 billion state aid package for Intel in Poland.
- This aid is part of a larger $6.47 billion investment for Intel’s foundry plant expansion in Poland.
- Intel’s Polish facility will employ around 2,000 workers.
- Intel faces significant financial challenges, with billions in losses and potential layoffs.
- Polish government still needs to clear some legislative hurdles to finalize the funding.
Already a member? Log in here