Intel: deal to build a chip factory in Italy nearing completion

Intel and Italy are close to finalizing a deal to build a large semiconductor fab in the north of the country, Reuters reports. There the chips have to be assembled. The investment will be of US$ 5 billion initially.

Chips to be packed in Northern Italy

this information comes from a report From Reuters On Thursday, quoting two sources, it was said that there was information about the conversation. However, this has not been officially confirmed yet. The Piedmont and Veneto regions are being traded as potential locations for the Intel factory. It should be one”Advanced Semiconductor Packaging & Assembly Plant” Take action. Accordingly, the raw chips will not be manufactured there, but will only be assembled into the final product.

This is not the first time that news has come in this direction. Similar intentions have been written many times before. was last year Talking about a $9 billion factory, Since Italy itself wants to spend more than 4 billion euros on semiconductor projects by 2030, this calculation could still add up. march . written in Reutersthat italy Contributes up to 40 percent of Intel’s investments, $5 billion is just the beginning.

Location Germany already secured

As part of the EU Chip Act, which aims to support semiconductor production in the EU worth more than €43 billion by 2030, Intel is also building a factory in Germany. This has already been officially confirmed: construction work near Magdeburg in Saxony-Anhalt is scheduled to start in the first half of 2023. Intel is also investing 17 billion euros here.

huge investment in europe

Intel is expanding strongly in other countries as well. In Ireland, the Leixlip site will receive a cash injection of up to EUR 12 billion and double the site’s capacity. Intel 4 Steps is massively ahead of the books here. Intel is currently expanding capacity in Ireland, and Intel will eventually invest in Ireland with a total volume of over €30 billion.

But France, Italy, Spain and Poland are also to receive a share of Intel’s 33 billion euro investment. Research and development will be largely bundled in France, while packaging and design will be brought into focus again in Europe.