A Singapore-based startup, SiliconBox, has announced plans to invest €3.2 billion ($3.5 billion) in Italy for the construction of a chip factory focused on AI technology. The facility, which will be a packaging fab, is set to be located in Northern Italy. This move is part of Italy's broader strategy to attract more investments in the semiconductor industry, as indicated by Industry Minister Adolfo Urso. Additionally, Italy is engaging in talks with China's Chery Auto, aiming to bring another major automaker to the country, alongside existing agreements with companies like Stellantis.
Exclusive: Italy in talks with China's Chery on car plant https://t.co/w2FoH0SC6F https://t.co/MEaO195m57
⚠️ EXCLUSIVE-ITALY IN TALKS WITH CHINA'S CHERY ON CAR PLANT Full Story → https://t.co/QuDVXH6VML The Italian government is holding talks with China's Chery Auto as part of efforts to attract another major automaker to the country in addition to Stellantis and increase… https://t.co/HrtcqbdLzD
Italy wants bigger share of investments by semiconductors firm https://t.co/HApk2JbdqK via @Newsbaum_ @SamyAdghirni @BenoitBerthelot https://t.co/QldgoaoB17
⚠️ CHINA'S JIANGHUAI AUTOMOBILE, VOLKSWAGEN CHINA TO BOOST INVESTMENT IN JV Full Story → https://t.co/x9ccDvBGGr China's Anhui Jianghuai Automobile said on Tuesday it and Volkswagen China will boost their joint venture's registered capital to 13.9 billion yuan from 7.4… https://t.co/wkEUnGBh4X
Singapore’s Silicon Box to build $3.5b AI chip factory in Italy https://t.co/MBTZtduOIH
Singapore startup SiliconBox to open packaging fab in Northern Italy https://t.co/R1KeJpVEWu
Singapore startup will invest €3.2 billion in Italy to build a chip factory in the north of the country, Industry Minister Adolfo Urso says https://t.co/dPhSqFMznT via @FlaviaRotondi https://t.co/a7G3cLuXqf
Singapore chipmaking start-up to invest €3.2bn in Italy https://t.co/PeoPGAjH1g