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HomeNewsItaly to meet Intel to empower chip factory investment

Italy to meet Intel to empower chip factory investment

Italy’s Prime Minister, Giorgia Meloni, announced last week that she would request a meeting with the representatives of Intel to discuss a possible multibillion-euro investment by the US chipmaker in Italy.

Earlier this year, Intel announced its plan to invest 80 billion euros in the European Union over the next decade along the semiconductor value chain, from research and development to manufacturing to state-of-the-art manufacturing technologies. According to the plan, Intel initially wanted to invest 17 billion euros into a leading-edge semiconductor fab mega site in Germany, create a new R&D and design hub in France, and invest in R&D, foundry, and manufacturing services in Spain, Poland, Italy, and Ireland. 

Read more: Microsoft announces the open-source release of Azure DeepStream Accelerator (ADA) for supporting the development of edge AI solutions

As per the announcement, Intel also planned to increase its lab space by 50% to develop deep neural networks, data centers, cloud computing, audio, and graphics solutions. By the end of 2023, Intel will complete its lab expansion.

During a year-end press conference, Giorgia Meloni mentioned that she would schedule a meeting to ask Intel about their investment in Italy. She thinks the investment will be highly strategic and create a next-generation European chip ecosystem to address the need for a resilient supply chain.

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Manjiri Gaikwad
Manjiri Gaikwad
Manjiri is a computer science graduate from Cummins college of engineering, Pune. She is a simple calm and composed person, who loves to write.

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