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Intel CEO: new chip plant decision by year-end, not sure to be in Italy

by Index Investing News
January 20, 2023
in Stocks
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© Reuters. Intel CEO Pat Gelsinger, with U.S. President Joe Biden (not pictured), announces the tech firm’s plan to build a $20 billion plant in Ohio, from the South Court Auditorium on the White House campus in Washington, U.S. January 21, 2022. REUTERS/Jonathan

MILAN (Reuters) – Intel (NASDAQ:) CEO Pat Gelsinger told Italian daily Corriere della Sera on Friday that Italy was only one of several countries being considered to host a new chip plant, and a decision should be reached by the end of the year.

In her end-of-year news conference in December, Italian Prime Minister Giorgia Meloni said she considered an investment by Intel in Italy as highly strategic and would schedule a meeting with the company to explore ways to facilitate it.

(Alessia Pe, editing by Gavin Jones)



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