EU approves 1.3 billion euro Italian state aid for new chip plant
Published by Global Banking & Finance Review®
Posted on December 18, 2024
1 min readLast updated: January 27, 2026

Published by Global Banking & Finance Review®
Posted on December 18, 2024
1 min readLast updated: January 27, 2026

The EU has approved €1.3 billion in state aid for Silicon Box to establish a semiconductor facility in Italy's Piedmont, marking a first in Europe.
BRUSSELS (Reuters) - The European Commission has approved a 1.3 billion euro ($1.36 billion) Italian state aid measure to support Singapore-based semiconductor firm Silicon Box in setting up a new semiconductor advanced packaging facility in Italy's Piedmont region, it said in a statement on Wednesday.
It said the facility would be the "first-of-a-kind in Europe, as there is currently no comparable advanced
packaging facility."
Under the EU Chips Act, public money is provided largely by national governments while the vetting of projects takes place in Brussels.
($1 = 0.9532 euros)
(Reporting by Charlotte Van Campenhout, Editing by Tomasz Janowski)
The main topic is the EU's approval of €1.3 billion state aid for a new semiconductor facility in Italy by Silicon Box.
The EU Chips Act is an initiative to support semiconductor projects in Europe, with funding primarily from national governments.
The new semiconductor advanced packaging facility will be located in Italy's Piedmont region.
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