--- title: "Intel Said to Select Veneto as Preferred Site for Multibillion-Euro Chip Plant in Italy" description: "The investment by Intel in Italy is a part of a larger strategy that the American chipmaker revealed last March." author: "Muskan Singh" published: 2022-09-27 updated: 2022-09-28 canonical: https://www.mindstick.com/news/2021/intel-said-to-select-veneto-as-preferred-site-for-multibillion-euro-chip-plant-in-italy category: "information technology" tags: ["internet", "network", "information technology", "community"] reading_time: 2 minutes --- # Intel Said to Select Veneto as Preferred Site for Multibillion-Euro Chip Plant in Italy According to two people with knowledge of the situation, the incoming [government](https://yourviews.mindstick.com/view/276/performance-of-government-in-the-center) of Mario Draghi and Intel have chosen Vigasio in the northeastern Veneto area as the preferred location for a new multibillion-euro chip facility in [Italy](https://www.mindstick.com/news/1830/italy-is-ready-clinch-with-intel-a-deal-of-5-billion-for-chip-factory). The [investment](https://www.mindstick.com/articles/13065/an-investment-in-certification-software-gives-peace) made by Intel in Italy is a component of a wider plan, which the American chipmaker unveiled in March and calls for up to **80 billion euros ($77.5 billion) in expenditures over the next ten years to expand capacity across Europe.** With [activities](https://www.mindstick.com/interview/2589/describe-android-activities-in-brief) expected to start between 2025 and 2027,[Intel](https://www.mindstick.com/articles/328905/how-the-state-of-the-art-tools-from-rpa-platforms-hastens-automation) has indicated that the Italian facility would create 1,500 [employment](https://www.mindstick.com/articles/23317/exactly-how-to-use-whatsapp-for-pupil-employment) in addition to **3,500 jobs** for partners and suppliers. Future expansions are envisaged after an initial investment of roughly 4.5 billion euros. The Italian factory would be a cutting-edge [semiconductor](https://www.mindstick.com/articles/333879/manufacturing-of-chips-in-the-semiconductor-market) packaging and assembly facility that wove complete chips made of tiles together using innovative technologies. The parties had outlined a [comprehensive](https://www.mindstick.com/articles/23461/a-comprehensive-guide-on-luggage-bags-and-cases) agreement in early September, according to the sources, who asked to remain anonymous due to the [sensitivity](https://www.mindstick.com/interview/2273/what-are-different-types-of-collation-sensitivity) of the situation. However, no official announcement would be made until after the results of Sunday's [general election](https://answers.mindstick.com/qa/41244/what-term-refers-to-an-election-in-which-any-voter-can-help-choose-candidates-for-the-general-election). As the talks are private and ongoing, an Intel spokeswoman declined to comment. Additionally, Draghi's staff declined to comment. **The picked site from a shortlist of two locations that also includes one in the northwest Piedmont region is Vigasio, which is situated close to Verona on the vital Brenner highway and railroad.** One of the insiders stated that the location is advantageous for several reasons, including its proximity to Germany and, in particular, the city of **Magdeburg**, where Intel will erect two facilities. The areas of Lombardy, Apulia, and Sicily were also first evaluated by Intel and the government as potential locations. The sources declined to elaborate, but Reuters previously stated that Rome is prepared to support as much as **40% of Intel's entire investment in Italy.** Before any agreement is finalised, the state's participation to Intel's investment programme must be disclosed to the next administration, according to one of the sources, who also added that **Draghi might permit the new administration to make the announcement.** --- Original Source: https://www.mindstick.com/news/2021/intel-said-to-select-veneto-as-preferred-site-for-multibillion-euro-chip-plant-in-italy Copyright © MindStick Software Pvt. Ltd. This Markdown version is provided for developers, AI systems, and offline reading.