- Singapore-based Silicon Box to invest US$3.5 billion in a new chip factory in northern Italy.
- The factory, specializing in chiplet technology, is expected to create up to 1,600 jobs.
- Silicon Box recently secured US$200 million in funding to expand its chiplet technology globally.
Singapore-based semiconductor firm Silicon Box has announced plans to invest 3.2 billion euros (US$3.5 billion) in a new chip factory located in northern Italy.
The announcement, made by Italian Industry Minister Adolfo Urso, comes after the country’s unsuccessful bid to attract US chipmaker Intel. The investment’s financing sources remain undisclosed by the government.
Boosting Italy’s tech sector
The establishment of Silicon Box’s factory marks a significant milestone for Italy’s growing tech sector, especially considering the increasing global demand for chips.
The global semiconductor market is expected to experience a 13.1% growth this year, reaching US$588 billion. The factory, once fully operational, is set to create up to 1,600 jobs, providing a substantial boost to the local economy.
Focusing on chiplet technology
The new factory will specialize in producing chiplets, which offer a modular approach to processor construction, resulting in more energy-efficient systems.
Silicon Box, founded in 2021 by industry veterans, including the billionaire couple behind US-based Marvell Technology, enables chip designers to transition from single-chip processing to a chiplet architecture.
The company’s US$2 billion factory in Singapore has been mass-producing chiplets since October 2023.
Recent funding and global expansion
In January, Silicon Box secured US$200 million in funding, elevating its value above US$1 billion. The company’s key investors include BRV Capital, Event Horizon Capital, Lam Capital, and TDK Ventures.
The startup stated that the funds would be used to expand its chiplet technology globally and support the development of large language models, generative AI, mobile computing, data centers, and automotive technology.
The investment in Italy further demonstrates Silicon Box’s commitment to global expansion and its confidence in the growing demand for advanced semiconductor solutions.
To read the original article in its entirety: https://www.techinasia.com/singapores-silicon-box-build-35b-chip-factory-italy
