EU Green Capital Valencia will host 2024 edition of European Urban Resilience Forum
Crucial aspects of resilience, sustainable development and recovery will be under the thematic spotlight
The country is keen on doing its part to ensure technological independency for the EU
The outgoing Italian government and the US tech giant Intel are getting close to concluding a deal that would see the construction of a semiconductor plant in the European country. According to Reuters, citing unnamed sources, the total deal package would be valued at around 5 billion US dollars, of which the Italian government is ready to contribute 40%.
The talk of such a deal is important news since it underlines the strategic ambition of both the corporate and government sectors to grow the semiconductor industry. For the American company, it would represent a pillar in their overall growth plan for the European market, which itself means investments of up to 88 billion dollars, with several countries being beneficiaries.
The European Union is in the throes of economic emancipation on several fronts following the successive crises caused by the Covid pandemic, inflation and the war in Ukraine, which served to disrupt global supply chains and expose the vulnerability of having to rely on distant producers for commodities.
The government of outgoing Prime Minister Mario Draghi is pushing to seal the deal by the end of August ahead of snap elections scheduled for September 25, the sources said. Rome is willing to finance up to 40% of Intel's total investment in Italy, which is expected to exceed the initial $5 billion over time.
Italian authorities and the US company have not officially commented on the matter. The regions of Piedmont and Veneto are indicated as preferred locations for the construction of the facility, although Lombardy, Puglia and Sicily were also among the initial options.
Earlier this year, the European Commission announced that it had secured 15 billion euros of public and private funding under the Chips Act. This will be added to the 30 billion euros already planned under other programs aimed at boosting investment in innovative semiconductor equipment.
This, however, is likely to change soon
Crucial aspects of resilience, sustainable development and recovery will be under the thematic spotlight
The island is dead set on doing something about the problem of overtourism
This is city twinning for the 21st century
You can find it in the capital Sofia, where it was installed upon the initiative of the Bulgarian Academy of Sciences
People in both cities got to sit together both in person and virtually
An illegal landfill will turn into a parking lot for cars confiscated by the police
It also features fast-charging stations for e-buses
Crucial aspects of resilience, sustainable development and recovery will be under the thematic spotlight
A US geologist claims to have solved the centuries-old mystery
This is the day when all madrileños take local pride in their city and culture
And the results were immediate, two Sunday services had to be performed to accommodate the crowd
Urban dwellers across the EU are having a say in making their surroundings friendlier to people and the environment.
Forests in the EU can help green the European construction industry and bolster a continent-wide push for architectural improvements.
Apply by 10 November and do your part for the transformation of European public spaces
Catch up with some recommendations for the 2024 European Capital of Culture programme from the mayor of Tartu
An interview with the ICLEI regional director for Europe аfter the close of COP28
An interview with a member of the No Hate Speech Network team