The Italian government is seeking to meet theIntelThe agreement to build the factory was reached before the national election on September 25. In March of this year, a source familiar with the matter said that the Italian government plans to provide up to 40% of Intel’s investment in building factories. Initially, Intel planned to invest about $5 billion. But with the passage of time, it is believed that further investment will be made.
The Italian government and Intel declined to comment.
People familiar with the matter also said that Intel and the Italian government have basically locked the location of the factory in two regions of Italy, Piedmont and Veneto. Of course, Intel has yet to make a final decision. Prior to this, Intel also considered Lombardy (Lombardy), Apulia (Apulia) and Sicily (Sicily).
As for the total size of Intel’s investment, and how the Italian government will fund Intel, it is not yet known.
In February of this year, the European Commission announced the highly concerned EU “Chip Act”, which plans to invest 43 billion euros (about 49 billion U.S. dollars) in a new generation of chip factories to increase the EU’s share of global chip production. This is a multi-year, large-scale investment plan aimed at making Europe a global leader in chip manufacturing. Its goal is to increase the EU’s chip production capacity from 10% of the world’s current share to 20% by 2030.
In March, Intel announced that it would invest up to 80 billion euros in the European Union along the entire semiconductor value chain over the next decade. The investment areas cover chip research and development, manufacturing, and advanced packaging technology. The first phase of the investment plan includes a €17 billion investment in an advanced semiconductor manufacturing facility in Germany, the creation of a new R&D and design center in France, and investment in R&D, manufacturing and foundry services in Ireland, Italy, Poland and Spain .
So far, Italy has decided to set aside 4.15 billion euros by 2030 to attract chipmakers to build factories and invest in new technologies. In addition to Intel, the Italian government is also negotiating with STMicroelectronics, MEMC Electronic Materials, TSMC and Tower Semiconductor.
Last month, STMicroelectronics signed a deal with GlobalFoundries to build a $5.7 billion chip factory in France.