The departing administration of Mario Draghi and Intel have chosen Vigasio in northern Veneto as the preferred location for a new multibillion-euro chip facility in Italy. Intel’s investment in Italy is part of a larger plan unveiled in March by the US chipmaker to invest up to 80 billion euros ($77.5 billion) over the next decade.
The Italian plant would be a cutting-edge semiconductor packaging and assembly facility, employing innovative methods to weave together entire circuits from tiles. Intel and the government have previously examined locations in Lombardy, Apulia, and Sicily. Vigasio was chosen from a shortlist of two locations, one of which was in the northern Piedmont area.
Before any contract can be finalized, the state contribution to Intel’s investment program must be shared with the future administration. Rome is also in negotiations with French-Italian STMicroelectronics, Taiwan chipmakers MEMC Electronic Materials Inc and TSMC, and Israeli Tower Semiconductor, which Intel purchased earlier this year, to increase domestic chipmaking.