Singapore-based Silicon Box invests €3.2bn ($3.5bn) to establish a chip factory in Italy, creating 1,600 jobs.

Singapore-based semiconductor startup Silicon Box plans to invest €3.2bn ($3.5bn) to establish a chip factory in northern Italy. The investment aims to bolster a more resilient supply chain for semiconductors in Europe and will create 1,600 jobs at full capacity. The project follows the government's failed attempts to persuade Intel Corp to invest in Italy.