Intel has shelved plans to build an advanced packaging and chip assembly plant in Italy, reports Reuters. The Industry Minister announced the postponement at a presser in Verona, in the north of the country, this week.
We first became aware of Intel's outline plans to build mega fab locations in Germany, France, and Italy in February 2022. The following month, we learned that Italy was preparing a $4.5 billion fund to welcome the chipmaker. This was in addition to the probable EU Chips Act money that would become available. So far, only Germany has been seen to benefit from solid development and construction plans.
