Intel's planned Italian facility now tied up in election politics As Intel looks to expand its rebooted foundry empire, the x86 giant's next chip plant may be an advanced packaging facility in the northern Italy. Citing people familiar with the matter, Reuters reports today that the town of Vigasio, located roughly half way between Milan and Venice, is Intel’s preferred site for its next …
Intel is probably concerned it might be forced to change plans. Italian politicians usually favour southern regions to buy votes - and they don't care at all about logistics issues. Hundreds of billions were wasted in Italy to try to build plants that couldn't survive - but politicians got their votes...
A valid theory, except that the right wing alliance in Italy is strongest in the North - Veneto region voted over 50% for the 3 right wing parties - whilst the south is a bit more behind the left wing. We've just seen recently in the UK how right wing governments like rewarding their voters rather than appealing to people who didn't vote for them.
"That said, we're told Draghi's aides are negotiating behind the scenes with Rome's next leaders to ensure the agreement with Intel remains intact."
Otherwise those aides won't be receiving their "commission"?
'The “megafab” is be located in Magdeburg, west of Berlin; is slated to come online by 2027'
Germans are closing down their hitherto profitable domestic industries to beg for offshoring scraps from the US. Hopefully in within 5 years time they would be able to replace their cheap and reliable energy sources with expensive and somewhat unreliable energy sources.
The Register 
Biting the hand that feeds IT
Copyright. All rights reserved © 1998–2024
