Intel, one of the big names in the semiconductor industry, has started working to establish new production facilities in Europe. The technology giant, which announced earlier this year that it will invest $88 billion in Europe in order to reduce the dependency on the Asian region and alleviate the supply problems in the region, is preparing to make an agreement with the Italian government after Germany and France.
Production range will be expanded
Reportedly, Intel will initially invest $5 billion in two facilities to be built in Italy. On the other hand, Italy will support 40 percent of the total investment. In addition, the facilities to be established are expected to undertake advanced semiconductor packaging and assembly tasks first, while the production range will be further expanded with new facilities and design centers to be established in France and Germany.
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With facilities planned across Europe, Intel aims to begin production of Intel 20A and better chips by 2027. Sources close to the subject think that the Italian government, which is preparing for the early general election on September 25, will finalize the new agreement by the end of August.
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