Rome is apparently seeking to win over Intel and have it invest billions to build a chipmaking plant in Italy. The news arrives amid a global shortage of semiconductors that has affected various economies and industries across the globe.
According to a Reuters report, sources close to the matter have revealed that Italy is drawing up offers to convince the chipmaking giant to setup an advanced chip production site in the country. As per the three sources, the government is already in talks with team blue regarding the potential investment, with its preliminary estimates being more than 4 billion euros (roughly 4.7 billion US Dollars).
Notably, the new chip plant in Italy would be in line with the drive by the US group that seeks to build advanced semiconductor based factories in Europe. This, in turn, would help prevent major shortages or supply constraints in the future. For those unaware, the world is currently facing a global shortage of chipsets. The issue in supply was so sizeable that automobile production for certain carmakers had halted entirely earlier this year.
Now, it seems that Rome is ready to fund part of this multi billion dollar plan that could reach around 8 billion euros just to build a cutting edge chip plant with Intel. This factory would also create more than 1000 jobs in the nation. One of the sources told Reuters that “The government is preparing a very detailed offer with the aim of clinching a deal by the end of the year. Discussions with Intel are at an advanced stage. There is no deal yet, but if the government works hard on this it has a good chance of bringing the plant to Italy.”
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