Singapore-based semiconductor startup Silicon Box has said it will invest €3.2 billion ($3.5bn) to build a chip manufacturing plant in Italy.

The plant will produce chips for artificial intelligence, electric vehicles, and high-performance computing (HPC).

Silicon Box recently received a $1bn valuation and has raised $407.6 million across four rounds of funding.

According to a statement from the company and the Italian government, the plant is expected to create 1,600 new direct jobs, in addition to indirect jobs that will be generated through the construction of the facility and in the wider supply and logistics ecosystem.

The site for the facility has yet to be finalized but it is believed locations in northern Italy are being considered. The Italian government will use grants to support the project financially however the figure hasn’t been released as it still needs approval from the EU.

In 2023, the European Council and European Parliament reached a provisional political agreement on the bloc’s €43 billion ($47bn) Chips Act. The regulation aims to double the EU's global market share in semiconductors from 10 percent to at least 20 percent by 2030.

In January 2024, TDK Ventures invested an undisclosed sum in the startup. Chip manufacturer UMC is also an investor.

About Silicon Box

Founded in 2021 by the former CEO of STATS ChipPAC, Dr. Byung Joon, and Marvell founders Dr. Sehat Sutardja and Weili Dai, Silicon Box develops advanced semiconductor packaging solutions, using chiplets to create a system-on-a-chip solution.

Silicon Box is an advanced semiconductor integration service provider, specialising in cutting-edge integration technology. We are capable of delivering full execution, from initial design to final manufacturing of chiplets.

Leveraging our proprietary technology, 30 years of multi-sectoral expertise, and relationships with best-in-class partners, we strive to solve the unique challenges of chiplet adoption in  order to build the emergent technologies shaping the world around us today.

Silicon Box's Factory

Silicon Box's newly opened foundry is the most advanced interconnection factory in the world. Located in Tampines, Singapore, spanning 73, 000 square metres in total size, with 30, 000 square metres of production space, the factory runs on self-contained CUB power, water, gas, and thermal resource management facilities. 

In keeping with industry best practices and Singapore’s  requirements around sustainability, the $2 billion advanced semiconductor manufacturing foundry is built with resource efficiency in mind.

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