Singapore's Silicon Box to invest $3.5b in new chip plant in Italy

Singapore's Silicon Box to invest $3.5b in new chip plant in Italy

A Silicon Box signage is pictured during the opening of their advanced semiconductor manufacturing foundry in Singapore July 20, 2023. REUTERS/Edgar Su/File Photo

Singapore-based semiconductor firm Silicon Box will invest 3.2 billion euros ($3.5 billion) in a new plant in northern Italy under a government-backed deal, the Italian industry ministry said on Monday.