Italy tries to secure 4 billion EUR chip packaging plant from Intel

Posted on Friday, October 22 2021 @ 20:59 CEST by Thomas De Maesschalck
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Intel is still looking for the best location for its future European chip making plant. While Dresden, Germany is believed to be the frontrunner for an advanced megafactory, Reuters reports Intel is also in talks with Italy about a potential investment worth over 4 billion euro.

While the German plant will likely focus on chip making services for automotive clients, the Italian facility is said to be a cutting-edge packaging plant capable of packaging chips consisting of tiles made by Intel and third parties. The Italian government is reportedly willing to come up with funds as well as favorable labor and energy cost terms.
Rome is already in talks with Intel about the potential investment, which according to preliminary estimates would be worth more than 4 billion euro ($4.7 billion), the sources who are involved in the discussions said.

One of them said the total could even reach around 8 billion euros, depending on Intel's plans.
The Reuters article says France is seen as a big contender for the megafactory, while Poland is competing with Italy to land the packaging facility.

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Thomas De Maesschalck

Thomas has been messing with computer since early childhood and firmly believes the Internet is the best thing since sliced bread. Enjoys playing with new tech, is fascinated by science, and passionate about financial markets. When not behind a computer, he can be found with running shoes on or lifting heavy weights in the weight room.

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