Italy PM to Meet With Intel to 'Facilitate' Chip Factory Investment
By Reuters
Dec. 29, 2022
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FILE PHOTO: Italy's Prime Minister Giorgia Meloni holds her end-of-year news conference in Rome, Italy, December 29, 2022. REUTERS/Guglielmo MangiapaneREUTERS
ROME (Reuters) - Italy's Prime Minister Giorgia Meloni said on Thursday she would request a meeting with representatives of Intel to discuss a possible multibillion-euro investment by the U.S. chipmaker in Italy.
Intel earlier this year announced it aimed to build a chip factory in the country as part of a wider plan to invest as much as 80 billion euros ($85.15 billion) over the next decade in building capacity across Europe. The deal, which is expected to involve state subsidies, has not yen been finalised.
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"In the coming days I'll seek to schedule a meeting, to ask Intel what we can do to facilitate their investment in Italy, which I think is highly strategic," Meloni said during a year-end press conference.
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