Countries look to diversify as more than 90% of advanced chips currently come from Taiwan US chipmaker Intel is close to clinching a deal with Italy to build an advanced factory in the country for the production of semiconductors, Reuters reported on Thursday. The investment is part of a larger plan to increase chip production in the EU to reduce reliance on Asia. The deal for the semiconductor packaging and assembly plant will initially be worth $5 billion, Reuters says, citing its sources. The agreement looks likely to be reached by the end of August, the agency added. The investment in Italy is part of a wider
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