Intel Close to Sealing $5 Billion Chip Factories Deal in Italy

From Tom's Hardware: Intel is close to signing a deal with the Italian government to set up subsidized chip factories within the Mediterranean country. According to Reuters sources, the deal will bring in $5 billion of investment from Intel initially. In turn, Rome will help with funding the developments, contributing as much as 40% of costs as well as offering other financial benefits. It is expected the deal will be made public by the end of August.

As with the German and French Intel ventures, multiple Italian locations put themselves forward for Intel’s investment. Initially Apulia, Lombardy, Piedmont, Sicily and Veneto regions were contenders. However, the unnamed multiple sources say that the two northern regions of Piedmont and Veneto have won out.

The purposes of the two Intel factories destined for Italy are expected to be advanced semiconductor packaging and assembly. The broader plan is to set up a full range of facilities with the German mega site (two fabs) confirmed for Magdeburg producing Intel 20A and better chips by 2027, as well as French R&D (in Plateau de Saclay) and Semiconductor Design hubs.

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