Intel reportedly wants to build new factory in Italy

In March, sources told Reuters that Rome was willing to fund up to 40 percent of Intel’s total investment in Italy, which would be increased over time from the original $5 billion. However, the final size of the investment and how Italy will pay for its share are not yet clear. Rom is also in talks with the chip manufacturers STMicroelectronics, MEMC Electronic Materials Inc and TSMC and Tower Semiconductor, which has since been taken over by Intel.