Intel Stock ( NASDAQ:INTC )
Intel ( NASDAQ:INTC ) has been in talks with the Italian government for months about building a fab there as part of its $77.5B investment in Europe over the next decade.
Intel ( NASDAQ:INTC ) CEO Pat Gelsinger told an Italian newspaper on Friday that Italy is “still in the game” for the next fab but that other countries are still competing for the project.
Translation: “Italy is still in the game, but so are other potential nations,” Gelsinger told Il Corriere della Sera. “We’re looking in all the possible directions. By the end of the year, we will have made a decision.”
Friday’s early trading saw Intel stock dip by a hair.
While at the World Economic Forum in Davos, Switzerland, Gelsinger chatted with Italian Prime Minister Giorgia Meloni, as he revealed to the media source. According to the news site, he also talked with the prime minister of Ireland, Leo Varadkar. He may have had conversations with his counterparts in Spain and Poland, Pedro Sanchez and Andrzej Duda, respectively, all of whom are competing for the position.
Meloni announced plans to meet with Intel ( NASDAQ:INTC ) last month to facilitate the chipmaker’s expansion plans in the nation.
Meloni stated, “In the coming days, I’ll endeavor to organize a meeting to ask Intel what we can do to support their investment in Italy, which I believe is incredibly strategic.”
<...
Click here to read the full article on PressReach.com .Subscribe to the PressReach RSS feeds:
- Featured News RSS feed
- Investing News RSS feed
- Daily Press Releases RSS feed
- Trading Tips RSS feed
- Investing Videos RSS feed
Follow PressReach on Twitter
Follow PressReach on TikTok
Follow PressReach on Instagram
Subscribe to us on Youtube