Intel Postpones Planned Investments in Italy & France

[T0@st]

Two years ago, Intel Corporation and the Italian Government initiated negotiations over the "enabling" of a new state-of-the-art back-end manufacturing facility—a potential investment of up to 4.5 billion euros was mentioned at the time. Italy's chipmaking fund was put together in order to attract several big semiconductor firms, but Team Blue appeared to be the primary target. This week, Minister Adolfo Urso confirmed to media outlets that Intel had: "given up or postponed its investments in France and Italy, compared with others that it plans in Germany." Intel has not commented on this announcement according to a Reuters report—a spokesperson declined to make a statement.

Italy's Business Minister stated that he will welcome a continuation of negotiations, if Intel leadership chooses to diversify its construction portfolio outside of Germany: "if it decides to complete those projects, we are still here." His nation is set to receive further investments, following a recent announcement from Silicon Box—the Singapore-headquartered advanced semiconductor packaging company has signed an up to €3.2 billion deal. Their new Italian facility will: "enable next generation applications in artificial intelligence (AI), high performance computing (HPC)," and other segments. Urso reckons that "there will be others in coming months." He also added that a ministry task force had conducted talks with unnamed Taiwanese groups.



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[Noyand]

Seems like the EU got a hard time convincing companies to flood the continent with bleeding edge fabs. TSMC flat out refused, and it seems that Intel only wants to build one in Germany.

 

[bonehead123]

talks with unnamed Taiwanese groups.

Well, gee, I can't imagine who that would have been, hehehe

Obviously, intel is just lookin for more taxpayer-funded handouts...whodathunkit !

 

[Carillon]

The problem is that intel got so much money that's impossible to invest, if you want yo give intel free money get in line and wait your turn!

 

[tiktok]

Well, gee, I can't imagine who that would have been, hehehe

Obviously, intel is just lookin for more taxpayer-funded handouts...whodathunkit !

Obviously, intel is just lookin for more taxpayer-funded handouts...whodathunkit ! YES exactly
and Z890 ,,,we must wait to christimas,,,
https://gadgetmates.com/intels-arrow-lake-cpus-a-look-into-the-upcoming-15th-gen-processors

 

[RH92]

Of course , why wouldn't they . Germany is the main US vassal / trojan horse into Europe , they don't need two or three of them one is enough . So Intel quite naturally can push weak / sold out EU governements in seek of short term PR stunts for their electroral campaigns to freely hand them massive pools of EU taxpayer money . This is what happens when entire EU is controlled by sold out governements working for the interest of foreign powers instead of the interest of their own people , our supposed ''ally'' rug pulls us at every occasion given to them. If EU had any ounce of sovereingty left they would show the middle finger to the US and start selling ASML technology to BRICS which is where the real money is at but yeah EU has no sovereingty left ... at least for now . Hopefully EU citizens are starting to realise their mistakes these past 20yrs and things are about to change rapidly !

 

[piloponth]

Why would they? They closed a 10B deal with USA govt., not interested in EU anymore.

 

[redeye]

of course, Intel only spends Government money on fabs. (WRT the CHIPS fund in the US)

(IMO) is it is it subsidization when TSMC does not pay tax, when they were investing all their profits (and Apple money) in Fabs…
us : mo money, mo money… then the equipment…
taiwan : mo equipment, mo equipment… then the money…