Italy remains open to investment through Intel, rival chipmakers, minister says

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ROME (Reuters) – Italy remains open to conceivable investment through Intel in the country and would also welcome other chipmakers, Industry Minister Adolfo Urso said on Wednesday.

The minister said Italy had submitted a state contribution to facilitate Intel’s investment and that the U. S. company had asked for more.

Last year, Intel announced plans to build a complex chip assembly and packaging plant in Italy as part of a broader, long-term investment plan to build capacity across Europe. The deal, which is expected to include state subsidies, has yet to close.

(Reporting via Giuseppe Fonte; writing via Keith Weir; editing by Alvise Armellini)

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