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Intel facility is largest greenfield investment in Poland, PM says
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WARSAW (Reuters) – Polish Prime Minister says Intel’s new semiconductor assembly and test facility near Wroclaw, western Poland, will the biggest greenfield
WARSAW (Reuters) – Polish Prime Minister says Intel’s new semiconductor assembly and test facility near Wroclaw, western Poland, will the biggest greenfield investment in the country and that he hoped it would attract other investors.
Intel announced on Friday it will invest up to $4.6 billion in the new facility as part of a multi-billion-dollar investment drive across Europe to build chip capacity.
(Reporting by Anna Włodarczak-Semczuk and Pawel Florkiewicz)
A greenfield investment refers to a type of foreign direct investment where a company builds its operations from the ground up in a new location, rather than acquiring existing facilities.
Semiconductor manufacturing is the process of creating semiconductor devices, which are essential components in electronic devices, including computers, smartphones, and various consumer electronics.
Foreign direct investment (FDI) occurs when an individual or business from one country makes an investment in a business located in another country, typically by establishing business operations or acquiring assets.
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