Important technological investment in Italy. Silicon Box, a Singaporean company specializing in microchips has announced that it will invest in our country for a new production plant first of its kind in the EU. The estimated cost for construction is 3,2 billion euros. The operation was announced Adolfo Urso, representative of the Ministry of Business and Made in Italy, e Byung Joon Han, co-founder and CEO of Silicon Box.
It is expected that this new plant will create 1.600 new jobs when it will be operational. It will also contribute greatly to the growing demand for assembly of semiconductors, especially in Europe, for innovative applications in the fields of artificial intelligence, high-performance computing and electric vehicle components.
It is yet to be specified where the new chip factory will be built. We are talking about Northern Italy, with Piedmont, Lombardy and Veneto in contention. According to some sources, the Silicon Box plant it could arise in the Novara area.
Who is Silicon Box
Silicon Box was Founded in 2021 by chip industry experts and already has an operational plant in Singapore, where it started production last October after a investment of 2 billion dollars. In January, the startup received a capital injection of $200 million from a group of international investors, including the British firm Presidium Capital, the American hedge fund Maverick, the Japanese electronics giant TDK and the Indian company Tata.
What Silicon Box does, the “chiplets”
Silicon Box, a Singapore-based company, is renowned for its advanced chiplet technologies integration, packaging and testing. “Chiplets” are small components, each with a specific function, that can be as large as a grain of sand and are combined through a process called advanced packaging. This cost-effective method allows small semiconductors to be connected to form processors that can power a wide range of devices, from data centers to household appliances.
The technology represents the cutting edge of innovation and promises to increase computational capacity, reduce energy consumption and offer greater flexibility to the needs of client companies.
Attracting investments in Italy
The Italian government has intensified efforts to attract investment by companies in the technology sector. In mid-February, the Minister of Business and Made in Italy, Adolfo Urso, announced that the government was ready to offer "incentives of up to 4,75 billion euros over several years for multinationals wishing to establish themselves in Italy and develop projects industrialists in the field of microelectronics".
Italy had already held talks with several manufacturers, including the Taiwanese MEMC Electronic Materials Inc and TSMC while, previously, the agreement with Intel for a gigafactory in Veneto had fallen through.
