Due to the global chip crisis, the giant investment planning of casting giants has also mobilized governments. It is trying to grab a piece of the investments that will pay back many times more with various incentive packages.
Italy allocated a huge budget for chip technologies
The European Union had normally allocated a $15 billion fund to companies that would develop chip technologies until 2030. Italy, unlike this, announced a package of 4 billion euros until 2030. From 2023, 500 million Euro grant will be provided every year.
UCIe chip communication technology announced
This move of Italy It is significant because it has been on the agenda for a while that Intel has been conducting an investigation for investment in Europe via Tower Semi. Italy was also on the list of possible regions. With significant incentives and tax exemptions, Italy can benefit from this investment of tens of billions of dollars.
Apart from Intel, different chip designers such as STMicroelectronics and MEMC Electronic are also looking for investments in the country. There are rumors that Intel wants more incentives than expected. In this regard, it is not yet clear who will benefit from the incentive package.
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