Silicon Box, a semiconductor startup based in Singapore, announced plans to invest $3.5 billion (€3.2 billion) in building a new chip factory in Northern Italy. The investment was confirmed by Italy's Industry Minister, Adolfo Urso. This move comes after Silicon Box raised $200 million in January 2024, reaching a valuation of over $1B+. The factory aims to enhance chip production efficiency and reduce waste.
Singapore’s Silicon Box to build $3.5b AI chip factory in Italy https://t.co/MBTZtduOIH
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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
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An Italian minister says Singapore-based Silicon Box plans to invest €3.2B to build a chip factory; Silicon Box raised $200M in January 2024 at a $1B+ valuation (@flaviarotondi / Bloomberg) https://t.co/0VtBTvmrvc 📫 Subscribe: https://t.co/OyWeKSRpIM https://t.co/G6kOkr4eG7
Silicon Box to invest $3.5 billion in new chip plant in Italy https://t.co/MuodN5vkAo https://t.co/bwyOUB6U6x
Semiconductors startup Silicon Box will invest $3.5 billion in Italy to build a chip factory in the north of the country, Industry Minister Adolfo Urso says https://t.co/rqqIbgGb0a