Intel’s investment in microchip plan

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Intel's investment in microchip plan

Intel’s investment in microchip plan

Global chip giant Intel is pushing for an investment of about ’900 million to build a state-of-the-art semiconductor packaging plant. .The US chip maker is moving ahead with a 9 trillion plan in Italy to build a state-of-the-art manufacturing facility in Europe over the next decade. If the deal is completed, 10 percent of that huge budget will go to Italy, the report said. .Earlier, the size of the investment was mentioned to be between four and a half to nine hundred million dollars.

Germany, the European Union’s largest economy, is ahead in the race to share Intel’s plans. In October, there was a hint that France was also in the race. .Intel says the company is in talks with authorities in several EU countries about investing. However, the chip giant declined to comment separately on the talks with Italian officials. .We are excited about the EU’s digital work plan and the various possibilities for semiconductor targets by 2030. Although the current discussion is ongoing and confidential, we will make an announcement as soon as possible. .The Covid-19 epidemic has put a strain on microchip production, with huge demand for consumer electronics such as smartphones and computers running from home.

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