Italy plans to invest $4.6 billion to tempt chipmakers like Intel into building more fabs
Italy plans to invest $4.6 billion to tempt chipmakers like Intel into building more fabs Italy hopes to partner with Intel and others to boost chip production in Europe. When you purchase through links on our site, we may earn an affiliate commission.Here’s how it works. Italy is earmarking €4 billion ($4.6 billion) until 2030 to boost its domestic chip manufacturing. According to a draft of the decree seenby Reuters, the plan is to lure in companies like Intel, in an effort to alleviate the current chip shortage and its reliance on foreign chip supply....