In context: Intel Corporation is doing its part in building Europe's capability in the chip manufacturing industry. The Santa Clara company just announced yet another investment plan in the Old Continent, this time in Poland.

Thanks to its recently approved Chips Act, Europe is becoming one of the most promising regions in the world to invest hi-tech money in. The EU wants to play a leading role in the chip manufacturing business, and Brussels is seemingly ready to spend $47 billion over the next seven years to attract technology innovations, design talents, and production capabilities at scale.

Intel can provide all these things and then some, and the company is clearly ready to try and get some of the EU's money for its own expansion plans. While still negotiating an increase in public subsidies for its German plants, Santa Clara has announced yet another investment of $4.6 billion to build a new facility in Poland.

Intel's new fab will be located near the city of WrocÅÂaw, and it will help the company meet industry demand expected over the coming years. The plant is forecast to create 2,000 "well-paid" direct jobs, with thousands more for indirect suppliers and temporary construction operations. The new facility will of course adhere to environmental sustainability principles, minimizing its carbon footprint and overall impact.

Intel also highlighted how the upcoming Polish plant will not be employed as a "wafer fabrication facility," where chips are created on silicon wafers through "various advanced chemical, mechanical and optical processes." The new facility will instead provide "assembly and test" capabilities, receiving completed wafers from other fabs, cutting them into individual chips, and assembling them into the final product for performance and quality tests.

According to Intel CEO Pat Gelsinger, Poland is an ideal location for expanding the company's presence in Europe thanks to its cost-competitive job market, a strong talent base, and an "excellent business environment." Intel already has an operative presence in the European country, and the location near WrocÅÂaw is well positioned to work with other Intel sites in Germany and Ireland.

Still, Intel's announcement doesn't provide some essential details about its new "Polish operation." The planned $4.6 billion investment doesn't explicitly mention the EU Chips Act, nor any kind of additional subsidies provided by local or European government authorities.

Considering the amount of money Brussels is investing to grown the local technology business, we can safely bet that Intel will likely get the kind of lavish, public funding the company is asking for.