It is rumored that Intel's Italian chip factory has selected the Veneto region and will invest billions of euros

On September 25, Reuters quoted two people familiar with the matter as saying that the Italian government and Intel have selected the town of Vigasio in the northeast of the Veneto region as the preferred location for investing billions of euros in a new chip factory in Italy.

Earlier this year, Intel announced that it would spend 80 billion euros on the European semiconductor ecosystem over the next decade, but European media pointed out that this bold plan was missing a key element - the funding, or rather, the money Intel needs to advance its business. source of huge subsidies.

Among the above investment plans, Intel plans to acquire Tower Semiconductor, which is currently sharing the Italian AgrateR 312-inch fab production facility with STMicroelectronics, which will make Intel and STMicroelectronics partners with a healthy history of cooperation.

It is understood that Intel's Italian factory will be put into operation between 2025 and 2027, with an initial investment of about 4.5 billion euros, which is expected to increase gradually. The plant is expected to create 1,500 jobs, plus 3,500 jobs for suppliers and partners.