Intel Corp., the Santa Clara, California-headquartered world’s largest chipmaker by revenues, had been in an advanced-stage talk with Italian Government authorities over an investment of a whopping €8 billion on an advanced semiconductor packaging plant, a press agency report had unveiled late on Thursday citing sources familiar with the issue who wished to remain anonymous given the scale of sensitivity of the subject-matter. In point of fact, latest move from Intel Corp to construct an advanced semiconductor factory in Italy came forth as the American multinational chipmaker had been in talks over multiple EU Government authorities including Germany and France, the bloc’s first- and second-largest economies respectively, over recent past to lay off a stark upsum between €4 billion to €8 billion in a bid to stretch out its footprints into the bloc, the press agency report had unveiled citing unnamed sources.
Italy and Intel in talks over €8bn investment on advanced chip factory
On top of that, Intel Corp’s latest move to venture out as much as €8 billion in Italy over an advanced semiconductor factory came forth months after the Californian semiconductor industry giant had been quoted saying that it had been working out a plan to invest as many as €80 billion in the bloc over next decade, while Intel Corp’s recent investment proposal would account for up to a 10 per cent of its slated capital expenditure in the Europe, said the sources.
Nonetheless, while being asked over the issue, Intel had declined to comment on holding a cascade of advanced staged talks with Italian officials, but, had said in a statement, “…Intel is having constructive investment conversations with government leaders in multiple EU countries.
We are encouraged by the many possibilities to support the EU’s digital agenda and 2030 semiconductor ambitions. While current negotiations are ongoing and confidential, we plan to make an announcement as soon as possible. ”