Intel has changed its mind about building a plant in Poland. Local authorities will look for another investor
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The American technology company Intel has announced the cancellation of plans to build a semiconductor manufacturing plant near the Polish city of Wroclaw. About writes TVP World.

Pros information According to Business Insider, the facility was expected to be one of the most modern in Europe and cost Intel $4.6 billion. The company promised to create about 2,000 new jobs.

However, Intel's new CEO, Lip Bu Tan, announced a change in the company's strategy and significant cuts. Intel has already laid off some employees, and plans to reduce its staff by more than 22% by the end of the year – from 96,000 to 75,000 people.

Intel's new strategy also includes austerity, cost cutting, and avoiding investments "ahead of time," i.e., before real demand for products appears.

"Every investment must make economic sense. We will build what our customers need, when they need it, and earn their trust through consistent execution."lip Bu Tan said.

The company is curtailing or slowing down projects not only in Poland but also in Germany. At the same time, production facilities in Costa Rica will be merged with those in Vietnam and Malaysia.

In Menkina, where Intel's Polish plant was to appear, the news was met with a positive reaction. The local authorities say that thanks to the preparatory work already done, the 400-hectare area will be fully suitable for attracting other investors.

"The territory will not remain in limbo and can be offered to other buyers. Given its uniqueness and attractiveness, I expect investor interest to be significant."the mayor of Miekini, Jan Marian Grzegorczyk, said.