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Quick Tech News

QuickTechnics

by Alexander Fäh

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Veneto will be the region for Intel's new factory

Reuters has published a report saying that Intel's next factory in Europe will be built in Veneto.

Factory in Italy; Image: CNBC

Intel's new chip factory is to be built in the city of Vigasio. Up to 5000 jobs are to be created there, 1500 directly by Intel and 3500 by suppliers and partners. The factory is expected to open between 2025 and 2027.


The factory is part of Intel's expansion strategy in Europe. The company is to invest 80 billion euros in Europe by 2030 to increase capacity in Europe. 4.5 billion euros will flow into the factory in Italy.


However, this should be taken with a grain of salt, as Mario Draghi's government will soon be out of power. Final election results will come on Sunday. Draghi's government originally wanted to take up to 40% of Intel's plans in Italy. However, it remains to be seen whether the future government will agree to this.

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