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Italy to see more foreign investment in its semiconductor sector, minister says
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Italy to see more foreign investment in its semiconductor sector, minister says
Mar 14, 2024 11:05 AM

ROME, March 14 (Reuters) - Italy will soon see more

foreign investment in its semiconductor sector, Industry

Minister Adolfo Urso said on Thursday, following a deal

announced this week involving Singapore-based Silicon Box.

Speaking to reporters in the northern city of Verona, Urso

said the $3.5 billion investment by Silicon Box was the first

major foreign investment in the sector and "there will be others

in coming months."

The minister also said the government remained keen to

welcome US tech giant Intel ( INTC ) to Italy, after the group

postponed a recent investment.

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