Singapore Startup to Invest €3.2 Billion in Italy Chips Factory
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Semiconductors startup Silicon Box will invest €3.2 billion ($3.5 billion) in Italy to build a chip factory in the north of the country, Industry Minister Adolfo Urso said Monday.
“Recent global upheavals highlight the need to build a more resilient supply chain for semiconductors in Europe,” Urso told reporters. The chiplet production plant is expected to generate 1,600 jobs at full capacity.