“Italy is making ready to turn out to be 1 of the largest microelectronics producers in Europe,” Urso informed reporters in Pescara, exactly where the ruling party Fratelli d’Italia is meeting this weekend. 

In March, Urso announced an investment of €3.2 billion ($3.4 billion) by the Singaporean startup Silicon Box, to construct a chip manufacturing unit in the north of the region. The announcement came soon after the federal government failed to persuade US-based chip-maker huge Intel Corp. to commit. 

“I think that in the coming months we will be in a posture to make other similarly sizeable bulletins,” he also reported, according to local media.