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    Home > Finance > EU approves 1.3 billion euro Italian state aid for new chip plant
    Finance

    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 read

    Last updated: January 27, 2026

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    Quick Summary

    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.

    EU Greenlights €1.3 Billion Aid for Italian Chip Facility

    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)

    Key Takeaways

    • •EU approves €1.3 billion aid for Italy's chip plant.
    • •Silicon Box to set up a semiconductor facility in Piedmont.
    • •First advanced packaging facility of its kind in Europe.
    • •Funding part of the EU Chips Act initiative.
    • •Project vetted by the European Commission in Brussels.

    Frequently Asked Questions about EU approves 1.3 billion euro Italian state aid for new chip plant

    1What is the main topic?

    The main topic is the EU's approval of €1.3 billion state aid for a new semiconductor facility in Italy by Silicon Box.

    2What is the EU Chips Act?

    The EU Chips Act is an initiative to support semiconductor projects in Europe, with funding primarily from national governments.

    3Where will the new facility be located?

    The new semiconductor advanced packaging facility will be located in Italy's Piedmont region.

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