Gawkowski said that he had been informed of the decision by Intel’s CEO Pat Gelsinger and that the company is experiencing “global financial problems.”
The semiconductor assembly and test facility was set to be one of the largest foreign direct investments in Poland’s history, with the European Commission last week approving the Polish government’s plans to grant over €1.7 billion in financial aid for the €4.15 billion plant.
But now, the U.S. giant is suspending all of its investment plans related to the construction of semiconductor factories in Germany and Poland until 2026, Business Insider reported.
Gawkowski said: “For the past few months, we have been working on preparing strategic semiconductor investments.
“Last week, we received the green light from the European Commission to submit an application for state aid for Intel.
“This experience allows us to efficiently implement similar projects, and we will work on this in the future.”
In June 2023, Intel announced the plan to build the factory in Miękinia, near Wrocław, in western Poland. The company announced that the new enterprise would employ approximately 2,000 people.
Intel said at the time that the new factory, combined with the existing silicon wafer production plant in Ireland and the second planned silicon wafer production plant in Magdeburg (Germany), will help create the first comprehensive and most technologically advanced supply chain in Europe in the field of semiconductor integrated circuit production.
Following the European Commission’s approval for financial aid, the project appeared to be set to get underway. Preliminary works had already begun, and construction machinery had arrived at the site.
