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Intel (INTC) has picked the town of Vigasio in the Italian region Veneto, roughly 70 miles west of Venice, for its new multi-billion dollar chip factory in the European country,.
It will improve the economic development in the middle of the global shortage of chips. 7,000 construction workers will be needed to construct Intel's $20 billion Chip Facility in Ohio despite the national shortage of people working in trades, based on a report by The Verge.