Wooing Intel, Italy plans $4.6 bln fund to boost chipmaking
Italy plans to set aside more than 4 billion euros ($4.6 billion) until 2030 to boost domestic chip manufacturing as it seeks to attract more investment from tech companies such as Intel, a draft decree seen by Reuters showed on Tuesday. The government is trying to persuade the U.S. group to spend billions of euros on an advanced chipmaking plant in Italy that uses innovative technologies to weave full chips.
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