July 22, 2024 /SemiMedia/ -- According to reports, Intel said in a statement recently that it has suspended its investment in France due to significant changes in economic and market conditions since 2022.

Intel said the scope of the project is currently being adjusted and France remains an option for Intel's future R&D center. In addition, Intel's plan to build a chip factory in Italy is unlikely to be realized in the near future.

Two years ago, Intel began negotiations with Italy to invest up to 4.5 billion euros in a manufacturing plant in the country, which would create 1,500 jobs for Intel and 3,500 for suppliers.

When asked about the status of its Italian factories, Intel said it was currently focusing on its active manufacturing projects in Ireland, Germany and Poland.

The report pointed out that Italian Commerce Minister Adolfo Urso said as early as March this year that Intel had postponed its investment in Italy.