Intel and the Draghi government choose Veneto for the new chip factory – Corriere.it

With an initial investment of approximately 4.5 billion euros, destined to grow over time, Intel has declared that the Italian plant will create 1,500 jobs plus another 3,500 in the related industries, between suppliers and partners. The activities will start between 2025 and 2027. The Italian plant is expected to be an advanced semiconductor packaging and assembly plant, which would use new chip technologies. Reuters, citing anonymous sources, explains that the Italian government and Intel signed a global agreement in early September, but that no public announcement will be made before the outcome of the general elections on 25 September. Mario Draghi’s office declined to comment.

Located near Verona, on the strategic Brenner motorway and railway, Vigasio is the preferred option between a shortlist of two sites: the other is located in north-western Piedmont. Vigasio is well connected with Germany and in particular with the city of Magdeburg, where Intel will build two factories. Intel and the government had also initially considered sites in Lombardy, Puglia and Sicily. Draghi’s close associates intend to enter into behind-the-scenes talks with their likely successors to avoid any risk that the deal could be questioned by the new Italian government, Reuters says, adding that the site’s choice is very politically sensitive. .

Reuters also says Rome is ready to finance up to 40% of Intel’s total investment in Italy. The state’s contribution to Intel’s investment program must necessarily be shared with the next government before any deal is formalized, and Draghi could let the next government make the announcement.

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About Eric Wilson

The variety offered by video games never ceases to amaze him. He loves OutRun's drifting as well as the contemplative walks of Dear Esther. Immersing himself in other worlds is an incomparable feeling for him: he understood it by playing for the first time in Shenmue.

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