Chip, EU OK for 1.3 billion aid for Silicon Box plant in Novara
It will be the first of its kind in Europe, as there is currently no comparable facility on the continent
2' min read
2' min read
The European Commission has approved Italian state aid - amounting to EUR 1.3 billion - to support Singapore-based semiconductor company Silicon Box in the construction of a new advanced semiconductor packaging plant in Piedmont. It will be Silicon Box's first European advanced packaging and chiplet integration factory, and will be located in Novara. A total investment of over 3 billion.
The go-ahead for the aid was announced by the Commission in a note released in the last few hours.
The plant will reportedly be the first of its kind in Europe, as there is currently no comparable facility on the continent.
The initiative is part of the European Union's Chips Act, which provides for public funding mainly by national governments, with the evaluation of projects entrusted to Brussels.
"The European Commission's decision strengthens our role in the semiconductor and high-tech sectors and for the strategic autonomy of the EU. Italy is finally at the centre of the European technological challenge,' commented the Minister for Enterprise and Made in Italy, Adolfo Urso
