A PYMNTS Company

Italy PM To Meet With Intel Over Chip Investment

By  |  January 2, 2023

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 US chipmaker in Italy.

Related: Italy Imposes 26% Crypto Tax

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.