Intel is about to sign an agreement with the Italian government for chip factory

by ddos · August 8, 2022

Earlier this year, it was reported that Italy plans to set up a 4 billion euro chip manufacturing fund to attract foreign semiconductor companies to set up factories in its territory to promote the development of semiconductor manufacturing. At that time, some industry insiders pointed out that the focus of Italy’s move was to attract investment from companies such as Intel.

According to Reuters, Intel is about to sign an agreement with the Italian government to build a packaging and assembly plant at a cost of $5 billion. The project will be supported by government funds and is expected to account for 40% of the cost. At the same time, there will be other subsidies or concessions in the future. The content of the agreement is expected to be announced at the end of this month. Tower Semiconductor had already been in contact with the Italian government before Intel’s acquisition, and Intel’s own intentions in this regard have greatly promoted the project.

Several regions of Italy have shown strong interest in Intel’s projects, including Apulia, Lombardy, Piedmont, Sicily, and Veneto. The Piedmont and Veneto regions in the north, where Intel is expected to have a new packaging and assembly plant, are rumored to be the most promising candidates for the chip factory.

Last year, it was reported that Intel’s new plan is to expand the scope of investment in Europe. In the next few years, in addition to building a new fab in Germany, a packaging and testing plant will be built in Italy, as well as an R&D and design center in France, so as to create a supply chain covering the upstream and downstream of semiconductors and become a real super factory.

Intel is about to sign an agreement with the Italian government for chip factory

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