PESCARA, Italy 28th April, 2024 (WAM) -- The Italian government announced its plans to invest around €10 billion in the semiconductor industry throughout 2024, the Italian news agency, Ansa, reported, citing Italy's Minister of Industry Adolfo Urso.
In a statement carried by Bloomberg, Urso told reporters in Pescara that “Italy is preparing to become one of the largest microelectronics producers in Europe".
In March, Urso announced an investment of €3.2 billion ($3.4 billion) by the Singaporean startup Silicon Box, to build a chip factory in the north of the country. The announcement came after the government failed to persuade US-based chip-maker giant Intel Corp. to invest.
“I believe that in the coming weeks, we will be in a position to make other equally significant announcements,” he also said, according to local media.