Will Intel open a new $ 100 billion factory in Italy? It's possible

We told you a few weeks ago that the well-known US chip maker Intel was looking for eight billion euros (equivalent to about 9.5 billion dollars) in public subsidies for the construction of a semiconductor manufacturing site in Europe worth of 100 billion dollars. Bavaria is one of the possible locations on which this new factory could arise, given that the automotive sector begins to increasingly need microchips and important houses such as BMW and Audi are based in Bavaria.

However, it is It is also possible that this important factory even rises in Italy! In fact, the CEO of Intel, Pat Gelsinger, was recently in Rome on the occasion of a European tour that also touched cities such as Versailles, Brussels and Berlin. In the capital, Gelsinger spoke with Prime Minister Mario Draghi and ministers Vittorio Colao (Technological innovation and digital transition) and Giancarlo Giorgetti, as well as the top management of some of the major Italian technology companies, such as Tim.

In an interview with Repubblica, Gelsinger confirmed his intention to open another large semiconductor factory in Europe, which will be able to count on a 100 billion dollar project, in addition to the one in Ireland , so as to double European production by 2030. At the moment, his position has not yet been defined, but Gelsinger has spent some nice words towards Italy, which currently can count on great funding thanks to the Recovery Plan and on an exceptional person like Draghi as prime minister who has the aim to revive the country after a rather dark period plagued by the pandemic. Both Draghi and Colao were very enthusiastic about the new semiconductor factory project, as they want to devote their forces to the realization of big important projects that can make a difference instead of dedicating themselves to many smaller objectives.

A Intel spokesman later officially specified:

As for the EU incentives for semiconductors, Intel did not request a specific amount. However, as our CEO said, European leaders must make the necessary investments to ensure a vibrant semiconductor industry, build a resilient offering and expand innovation over the long term. Currently, operating a FAB in Europe or the United States can cost 20-40% more than in Asian countries. Looking to Europe and the US to help balance the global silicon supply chain, we are encouraged by the response we have received from government leaders

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