Intel's planned Italian facility now tied up in election politics
Intel’s interest in Vigasio may stem in part from its proximity to Milan, home of Tower Semiconductor's Italian facilities. Intel acquired Tower, an Israel-headquartered foundry operator, in February in a deal valued at $5.4 billion.
The reported location and tentative deal with the Italian government shed new light on Intel’s planned European expansion.17 billion Euros on constructing a chip fab in Germany. The “megafab” is be located in Magdeburg, west of Berlin; is slated to come online by 2027; and will be responsible for producing Intel’s most advanced process tech.
That project is part of a larger €33 billion investment in which the chipmaker intends to expand operations in Ireland, and construct research and development, design, and packaging facilities in France, Poland, Italy, and Spain.
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