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TAP TIMES -16- OCTOBER 2022

Intel selects Italian Demand for wearables
site for packaging facility slowed in second quarter

According to several media outlets, NEEDHAM, Mass. — The wearables
Intel has selected Vigisio in the north- market faced another challenging
eastern Italian province of Veneto for period in the second quarter of 2022
a new semiconductor packaging facil- (2Q22) as global shipments declined
ity. 6.9% year-over-year to 107.4 million
units according to new data from the
After the general election International Data Corporation (IDC)
Sources told Reuters that while the selec- Worldwide Quarterly Wearable Device
tion of Vigisio has been confi rmed, no an- Tracker.
nouncement would be made until after the
September 25 general election in Italy. Infl ation, recession fears
Demand has slowed due to rising infl ation,
Construction of the facility will represent, fears surrounding recession, increased
according to Intel, an initial investment spending on other non-tech categories,
of €$4.5 billion ($4.3 billion). Direct em- and the hyper growth that the wearables
ployment may be as high as 1,500 with market has experienced in the last two
indirect jobs reaching 3,500. Operations years.
could begin as early as 2025. idc.com

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E-tec Inserat Socket 2015 190x127mm US.indd 1 18.06.15 10:06