A view of a cleanroom in Silicon Box's advanced semiconductor manufacturing foundry in Singapore July 20, 2023. Silicon Box closed a $200 million financing round in January, bringing its valuation to more than US$1 billion.
PHOTO: REUTERS
SEMICONDUCTORS startup Silicon Box will invest US$3.5 billion in Italy to build a chip factory in the north of the country, Industry Minister Adolfo Urso said on Monday (Mar 11).
“Recent global upheavals highlight the need to build a more resilient supply chain for semiconductors in Europe,” Urso told reporters. The chiplet production plant is expected to generate 1,600 jobs at full capacity.
Urso added the project had around 4 billion euros (S$5.82 billion) in expected operational costs spread over 15 years.
It remains to be seen where exactly in the north of Italy the plant will be based, as there are several sites across that area up for grabs.
The announcement involving Singapore-based Silicon Box came after the government failed to persuade US-based chip-maker giant Intel Corp, which has a market capitalisation of about US$186 billion, to invest in Italy.
Silicon Box closed a US$200 million financing round in January, bringing its valuation to more than US$1 billion. The government did not immediately clarify where the funding will come from.
Singapore-based Silicon box to invest US$3.5 billion in new chip plant in Italy
SEMICONDUCTORS startup Silicon Box will invest US$3.5 billion in Italy to build a chip factory in the north of the country, Industry Minister Adolfo Urso said on Monday (Mar 11). Read more at The Business Times.
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