ROME : Italy is close to clinching a deal initially worth $5 billion with Intel to build an advanced semiconductor packaging and assembly plant in the country, two sources briefed on discussions told Reuters on Thursday.
Asking not to be named due to the sensitivity of the matter, the sources said the government of outgoing Prime Minister Mario Draghi was working to have an agreement in place by the end of August, ahead of a snap national election scheduled on Sept. 25. Intel and the government have shortlisted possible sites in two Italian regions, the sources said, with one of them adding they are located in the northern regions of Piedmont and Veneto.
Rome so far has set aside 4.15 billion euros until 2030 to attract chipmakers and invest in new industrial applications of innovative technologies.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Mitsubishi Gas Chemical to invest 50 billion yen in US chip chemical production - NikkeiTOKYO : Mitsubishi Gas Chemical Co is planning to invest 50 billion yen ($376 million) to increase production of semiconductor chemicals in the United States, the Japan's Nikkei newspaper reported on Wednesday.The company is planning to triple production of semiconductor chemicals in the United States ove
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Exclusive: US game software developer Unity to spin off China unit to fuel expansion - sourcesHONG KONG : Unity Software Inc, the U.S. developer best known for software used to design video games, is in talks to spin off its China unit to help it expand in the world's biggest games market, four people with knowledge of the matter told Reuters.San Francisco-based Unity has sought strategic investor
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Exclusive-Tencent plans to raise stake in 'Assassin's Creed' maker Ubisoft - sourcesHONG KONG : Tencent Holdings Ltd plans to raise its stake in French video game group Ubisoft Entertainment SA as the Chinese gaming giant pivots to the global gaming market, four sources with direct knowledge of the matter told Reuters.China's largest social network and gaming firm, which bought a 5 per c
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Exclusive-Tencent aims to raise stake in 'Assassin's Creed' maker Ubisoft - sourcesHONG KONG : Tencent Holdings Ltd plans to raise its stake in French video game group Ubisoft Entertainment SA as the Chinese gaming giant pivots to the global gaming market, four sources with direct knowledge of the matter told Reuters.China's largest social network and gaming firm, which bought a 5 per c
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Telecom Italia renegotiates soccer streaming deal with DAZN - sourcesMILAN : Telecom Italia (TIM) has agreed to restructure its partnership with DAZN, giving up the exclusive right to distribute the video streaming app in Italy in return for a lower fee, two sources close to the matter said on Wednesday. Italy's biggest phone group last year entered into a distribution
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
NortonLifeLock-Avast $8.6 billion deal wins provisional UK approval:Britain's competition regulator said on Wednesday it has provisionally cleared NortonLifeLock's $8.6 billion purchase of rival Avast Plc, the final hurdle to the two firms creating a consumer security software giant.Shares in Avast soared 42 per cent on the news, after the firms were forced to delay the deal
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »