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Italy close to securing $5bn Intel semiconductor packaging and assembly plant

Italy close to securing $5bn Intel semiconductor packaging and assembly plant
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Exclusive: Italy, Intel close to $5 bln deal for chip factory: Sources

Intel's investment in Italy is part of a wider plan announced by the U.S. chipmaker earlier this year to invest $88 billion in building capacity across Europe, which is striving to cut its reliance on Asian chip imports and ease a supply crunch that has curbed output in the region's strategic car sector. 

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