Friday, 24 March, 2023

Rome prepared to support 40% of Intel's planned investment in Italy: Sources

<p>Italy is willing to support up to 40% of Intel&#39;s total investment in the country&#39;s chip packaging and assembly plant. According to two sources familiar with the matter, the plant is initially valued at $5B but is projected to increase in value over time. Prime Minister Mario Draghi&#39;s government&#39;s plan shows certain EU member states&#39; desire to give competitive terms to lure Intel and other chipmakers to invest in an area with higher labor and manufacturing costs than Asia.</p>