Intel invests 33 billion euros in European chip industry
Intel is pumping 33 billion euros into European chip factories, research sites and projects.
In 2021, Intel promised an 80 billion euro investment plan for European chip production. Today, after weeks of radio silence, Intel confirmed new details.
Intel is dividing 80 billion euros into sever... Read more
Italy fines Clearview AI €20 million
The privacy agency also ordered the facial recognition company to delete all data on Italians
Italy’s data privacy watchdog said it will fine the controversial facial recognition firm Clearview AI for breaching EU law. An investigation by Garante, Italy’s data protection authority, found tha... Read more
‘Italy allocates four billion euros to increase national chip production’
According to Reuters, the Italian government is allocating more than four billion euros to increase national chip production. The news has yet to be confirmed. Reuters says it has reviewed a leaked draft decree.
Reuters claims that the Italian government will invest four billion euros in nationa... Read more
Launch of BigCommerce in Spain, Mexico, and Germany
US-based ecommerce platform, BigCommerce has started its global expansion. They have now launched in Spain, Mexico, and Germany.
Texas-based ecommerce platform BigCommerce has officially launched in Spain, Germany, and Mexico. However, this is just the start of their global expansion. The compan... Read more
Telecom Italia open to network spinoff as CEO weighs options
The new boss has a broad mandate to make changes and pursue new areas of business.
Telecom Italia (TIM) this week opened the door to a spin-off of its prized infrastructure assets, according to a report in Reuters. TIM, which is wrestling with shrinking revenues in its hyper-competitive domestic... Read more
Milan plans to repurpose abandoned fairgrounds into a modern tech hub
The city plans to create its own Silicon Valley called "MIND" - Milano Innovation District
Six years after Milan’s World Expo closed its doors to visitors, the sprawling fairgrounds are finally set for a makeover, according to Bloomberg News.
Italy’s financial center is app... Read more
Italy’s antitrust regulator recalculates fines for Amazon and Apple
The adjustment was a result of a "material error" in the first calculation.
Italy's antitrust regulator said on Thursday it had recalculated the fines for U.S tech giants Apple and Amazon, according to reporting in Reuters. The Italian officials said the adjustment was due to a "material error" ... Read more
‘Italy and Intel negotiate chip factory worth 8 billion euros’
Italy is negotiating with Intel to establish a large factory to manufacture processors, Reuters reports. The size of Intel's investment is valued at around 8 billion euros ($9 billion).
The talks between the Italian State and Intel concern the establishment of a large factory for packaging semic... Read more
Italy fines Amazon 1.1 billion euros for antitrust violations
The fine is for for alleged abuse of their market dominance
The Italian Antitrust has levied a hefty fine on Amazon. They said on Thursday they had fined the e-commerce giant 1.13 billion euros ($1.28 billion) for alleged abuse of market dominance.
The sanction decided by the Antitrust Author... Read more
KKR and CVC Capital want to buy Telecom Italia
But the "indication of interest" faces a series of hurdles on multiple sides.
Private equity giants KKR & Co. and CVC Capital Partners are considering teaming up on a bid for Telecom Italia SpA, according to a report in Bloomberg News. Such a move would help share the financial burden for Eu... Read more