European Commission Approves $1.36 Billion State Aid for Silicon Box

The European Commission has approved a $1.36 billion state aid package from Italy. This financial support is aimed at the Singapore-based semiconductor company, Silicon Box, to establish a new advanced packaging facility in the Piedmont region of Italy. The announcement was made on Wednesday.

This upcoming facility is touted as the first of its kind in Europe, with no other advanced packaging facilities currently in the region.

The funding aligns with the EU Chips Act, which enables national governments to supply public funds for such projects. Brussels will scrutinize the projects.

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