Intel chooses Vigasio for its European packaging plant

The plant will cost €4.5 billion and is expected to employ 1,500 direct jobs and create 3,500 indirect jobs. It is due to come online in 2025-7.

The Vigasio site is part of an $80 billion European investment programme by Intel which includes two fabs at Magdeburg in Germany costing $17 billion, a new fab at Leixlip costing $12 billion, an R&D and design centre in France and a lab extension in Poland.

Germany is providing 40% of the cost of Intel’s fabs. It is not known if Italy is providing the same percentage of Vigasio’s cost, but 40% seems to be the current rule of thumb for such subsidies.