The official green light has arrived for the establishment of Silicon Box in Novara: the Singaporean company that produces latest generation semiconductors will be built in Agognate, next to Amazon. The investment is 3.2 billion euros and will activate 1,600 jobs direct ones to which will then be added the hiring in the related industries. «The public contribution is being examined by the European Commission and is less than 40%», explains the Minister of Business and Made in Italy Adolfo Urso, on the sidelines of the signing of the agreement between the government and the co-founders of Silicon Box.
Silicon Box’s bet: “Novara will make an epochal leap and relaunch itself with exports”
MARCELLO GIORDANI
June 26, 2024
“This is the first step to build Silicon Valley in Italy,” says the governor of Piedmont Alberto Cirio.
The Singaporean company chose Piedmont over the offers of Lombardy and Veneto, following in the footsteps of another giant like Amazon which is expanding in the region. «The new history of chips will begin from Piedmont», claim the leaders of Silicon Box, present at the press conference at the Mimit headquarters in Rome. The factory could enter production from 2028.
Silicon Box arrives in Novara. 3.2 billion investment for the microchip factory
leonardo by paco
June 21, 2024
The chips that will be produced at the Piedmont site are “chiplets”, i.e. modern semiconductors that combine together in packages and are particularly important for the application of artificial intelligence. It is no coincidence, therefore, that the factory that will be built in the North West of Italy is close to the Foundation for Artificial Intelligence founded in Turin.
Silicon Box headquarters in Singapore
«In the first six months of 2024 – between St Microelectronics, Etna Valley, Silicon Box and other interventions – we managed to mobilize 9 billion euros of investments in the development of microelectronics», recalls Minister Urso who adds: «A ripple effect is underway driving force of chip investments in Italy. The Silicon Box model is unique on a global level and will allow Piedmont to become the industrial hub of semiconductors, the technology of the future. This will allow Italy to be the most productive hub of chips in Europe. It is a great challenge and we are on the right path”.
Il Governor Cirio is very satisfied: «It is the revenge of the old industrial triangle Turin-Milan-Genoa that is back in fashion thanks to our infrastructures. The major hubs in fact intersect in Piedmont and this logistical intersection (the Lisbon-Kiev and Genoa-Rotterdam corridors) rewards our territory. We are once again highly competitive in attracting investments». The agreement with the Singapore company, Cirio continues, «demonstrates that investing in Piedmont is useful for those who invest. We are proud and we think that the Silicon Box operation will pave the way for similar choices in the future».
Il Mayor of Novara Alessandro Canelli underlines that for the city this is «a historic opportunityepochal, which will guarantee territorial growth with the strengthening of skills. For Piedmont – and also for the whole country – it is a leap in quality”.
