President Meloni’s statement on STMicroelectronics investing in Catania

With today’s announcement by STMicroelectronics that it will be investing EUR 5 billion in Catania to produce cutting-edge power chips, which follows Silicon Box’s EUR 3.2 billion investment in northern Italy, Italy is consolidating its leadership in Europe’s semiconductor industry. 

Thanks to both these investments and the new initiatives in the pipeline, we are confident we can reach the target of EUR 10 billion in microelectronics by the end of the year.

This new plant will generate 2,000 new jobs for highly skilled engineers and technicians, making Etna Valley the Mediterranean’s innovation capital.
This is one of the largest investments in Europe under the European Chips Act. An extraordinary result for Italy, made possible by the synergistic cooperation between local institutions, central government and the European Commission.

[Courtesy translation]