By Elvira Pollina and Giuseppe Fonte
ROME (Reuters) – Italy is preparing measures to support strategic industrial sectors including microelectronics and promote foreign investment programmes worth at least 1 billion euros ($1.1 billion), a draft decree seen by Reuters showed on Friday.
Rome will reserve the right to appoint a special commissioner to take all necessary steps “for the timely and effective implementation of the investment programmes,” the draft said.
Tax breaks amounting to roughly 630 million euros between 2024 and 2028 will further help to promote research and development in microelectronics.
Set to be discussed by the cabinet on Monday and therefore still subject to changes, the draft decree comes amid talks between Italian authorities and chipmakers including U.S. group Intel on potential investments in the country.
Intel last year announced it aimed to build…
