Friday, 24 March, 2023

Italy aiming to convince Intel to build a multi-billion-euro chip plant

<p>Italy is in talks with Intel to invest and set up a chip manufacturing plant in the country. While Germany is a frontrunner for the location of the plant, designed to be built in Europe to avoid further chip shortages, Italy will continue to have talked about the development, estimated to be worth around &euro;4B. Italy has offered to fund part of the investment, while also offering favorable energy and labor costs. Intel declined to comment on its plans.<br /> &nbsp;</p>