Italy, Intel intensify talks over $9 billion chip factory
The Hindu
A deal of this size would secure Italy about 10% of the 80 billion euros the U.S. company is looking to spend over the next decade in Europe on cutting-edge manufacturing capacity to help avoid future shortages of semiconductor chips.
Intel and Italy are intensifying talks over investments expected to be worth around 8 billion euros ($9 billion) to build an advanced semiconductor packaging plant, two sources close to the matter told Reuters.
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A deal of this size would secure Italy about 10% of the 80 billion euros the U.S. company is looking to spend over the next decade in Europe on cutting-edge manufacturing capacity to help avoid future shortages of semiconductor chips.
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