Reuters: Intel to build chip factory in Italy

The Italian government and Intel are about to reach a $5 billion deal that will allow the US tech giant to build the country’s first semiconductor factory. Message about it seen on the Reuters website.

It is stated that Intel’s investment in Italy is part of a large-scale US plan to strengthen its position in the semiconductor market. At the beginning of 2022, the US government announced its intention to allocate $88 billion for the development of the semiconductor industry in Europe.

According to Reuters sources, the deal between Intel and Italian Prime Minister Mario Draghi will be completed before the end of August. It is also stated that as part of the subsequent partnership between Intel and Italy, Rome will assume up to 40% of the cost of building the factory. At the same time, the aforementioned $5 billion is likely to increase as a result.

Intel reported that Italy’s northern regions, Piedmont and Veneto, are considered areas for infrastructure construction. However, the parties have not yet made a final decision.

Formerly socialbites.ca Wrote About TSMC’s problems because of Intel.



Source: Gazeta

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