It is not the first time that we talk about the production of chip in Italy. The first time we saw a "draft" of investment in the beautiful country and the construction of the so-called wafer by Intel. Today, a few months later, the rumor has become more concrete. In fact it seems that they will be well allocated 4 billion to invest in the manufacture of chips and microchips. Let's see the report disclosed by Reuters.
Italy is banking on Intel and expects to make an investment of over 4 billion for the production of the chips at home. Failure or success strategy?
According to Reuters, the source has obtained a bill that would provide Italy with over € 4 billion by 2030 as an incentive to increase domestic chip production. With these funds, the country's leadership is trying to attract more investment from tech companies like Intel.
Specifically, the government is trying to persuade a US company to build a state-of-the-art chip manufacturing facility in Italy. Previously it was reported that Rome is ready to offer Intel state funds and favorable conditions for joint investments, which should amount to around 8 billion euros in 10 years.
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To stimulate domestic chip production, Italy is also in talks with the Italian-French company STMicroelectronics, the Taiwanese company MEMC Electronic Materials and the Israeli Tower Semiconductor. A government source involved in the talks told Reuters that the negotiations are difficult because the American company has advanced very stringent requests.
Rome also focuses on the new rules for the financing of innovative semiconductor production, approved last month by the European Commission with the so-called chips act, to secure the deal with Intel. In short, Brussels intends to allocate 15 billion euros of further public and private investment by 2030. This, in addition to 30 billion euros of public investments already foreseen by NextGenerationEU, Horizon Europe and national budgets.
Same Intel announced in September that it could invest up to 95 billion dollars in Europe in the next decade. According to the latest data, the German city of Magdeburg has been chosen as the site for the construction of a new factory in Europe.
