Silicon Box, the agreement for the project with 1.3 billion in aid kicks off
A semiconductor hub in Novara - The project involves a total investment of 3.2 billion lire with 1,600 direct employees
The signature has arrived on the Development Agreement for the Silicon Box site in Novara, christened by the Minister for Enterprise and Made in Italy Adolfo Urso as "a strategic investment" and eagerly awaited by the Piedmont region. The aim of the text is to facilitate and support an industrial growth programme that aims to realise the investment project in Novara for the creation of a semiconductor production site.
The note issued in the morning by Mimit speaks of a plant that is 'the first of its kind in the European Union', with a focus on the back-end, packaging, and testing phases. The agreement was signed by the Minister of Enterprise and Made in Italy, Adolfo Urso, Invitalia and Silicon Box, a Singapore-based company specialising in chiplet integration, advanced packaging and testing technologies.
The project - currently in the preliminary investigation phase - envisages support from Italy amounting to EUR 1.3 billion, in compliance with state aid rules, against a total investment of EUR 3.2 billion, for the construction of Europe's first Silicon Box factory in Novara.
'This Agreement marks a strategic step in strengthening our technological and industrial sovereignty and contributes to making the European semiconductor supply chain more solid and resilient,' highlighted Minister Urso. 'The government,' he added, 'has placed chip and microelectronics at the centre of national industrial priorities, aware of their decisive role in the competitiveness of the production system, and is already working on new industrial development programmes that will soon be launched in this area.
Silicon Box's investment in Novara will mark the beginning of a new season of industrial renaissance for semiconductor manufacturing in Italia, said Silicon Box co-founder and CEO Byung Joon Han. "With this important development, our team can now focus on the next phase, which is to implement our project commitments to build a unique state-of-the-art facility that will help create a complete semiconductor supply chain in Europe," he adds.
