Italy Plans to Invest About €10 Billion in Chips, Minister Urso Says - Bloomberg

Italy Plans to Invest About €10 Billion in Chips, Minister Urso Says

Adolfo Urso

Photographer: Nathan Laine/Bloomberg

The Italian government is planning to invest around €10 billion in the semiconductor industry throughout the year, news agency Ansa reportedBloomberg Terminal, citing Industry Minister Adolfo Urso.

“Italy is preparing to become one of the largest microelectronics producers in Europe,” Urso told reporters in Pescara, where the ruling party Fratelli d’Italia is meeting this weekend.