Intel Corporation (INTC) Shares Rise Amidst Ongoing Talks with Italy and New Investment Plans

Intel Corporation (NASDAQ: INTC) recently confirmed that discussions with Italy regarding a potential investment in the country are still ongoing. This announcement came shortly after the U.S. chipmaker revealed its plan to allocate up to $4.6 billion toward establishing a new semiconductor assembly and test facility in Poland.

Following the news, Intel Corporation experienced a notable increase in shares, rising by 1.54% on Friday.

In a statement provided to Reuters, Intel expressed appreciation for the Italian government’s dedication to fostering a competitive microelectronics ecosystem.

The company had previously announced its intention to construct an advanced packaging and assembly chip factory in Italy as part of a broader long-term investment strategy aimed at expanding capacity throughout Europe. Although the deal is expected to involve state subsidies, it has not yet reached its finalization stage.

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