Italy plans $4.5 billion fund to boost domestic chipmaking, innovative technologies - draft


FILE PHOTO: An Intel Tiger Lake chip is displayed at an Intel news conference during the 2020 CES in Las Vegas, Nevada, U.S. January 6, 2020. REUTERS/Steve Marcus

ROME (Reuters) - Italy plans to set aside more than 4 billion euros ($4.5 billion) until 2030 to boost domestic chip manufacturing and support innovative technologies, a draft decree seen by Reuters showed.

The move comes as the government tries to convince Intel to spend billions of euros on an advanced chipmaking plant in Italy that uses innovative technologies to weave full chips.

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