ROME, March 14 (Reuters) -
Intel ( INTC ) has postponed
plans
to invest in Italy, the country's industry minister said on
Thursday, after a project to build an advanced packaging and
chip assembly factory first mooted in March 2022 was never
finalised.
The US technology company has "given up or postponed its
investments in France and Italy, compared with others that it
plans in Germany," Minister Adolfo Urso told reporters in the
northern Italian city of Verona.
He said Italy remained keen to welcome Intel ( INTC ) if it
should change its mind and fulfill its previous plans for
European investment.
"If it decides to complete those projects, we are still
here," Urso said.
The minister added that Italy will soon see more foreign
investment in its semiconductor sector following a $3.5 billion
deal announced
this week
involving Singapore-based Silicon Box.
He said that deal was the first major foreign investment
in the sector and "there will be others in coming months."
A ministry task force held talks with Taiwanese groups
in recent months, Urso added.