Silicon Box, via libera di Invitalia all’investimento da 3,2 miliardi a Novara

The regional committee of Invitalia has given the green light to the 3.2 billion euro investment for the "Vulcan Project" by Silicon Box in Novara. This groundbreaking plan involves constructing Europe's first advanced generation microchip factory for the Singapore-based player. The approval, backed by 1.3 billion euros in public support through the European Chips Fund, marks one of the most significant foreign investment initiatives in Italy.

This decision concludes the preparatory phase, a process initiated under the Development Agreement signed last March by Minister of Enterprises and Made in Italy, Adolfo Urso, Invitalia, and Silicon Box.

The investment bolsters Italy's role as a production hub in the digital economy, enhancing the nation's technological and industrial sovereignty, and contributing to the EU semiconductor industry's resilience. Minister Urso emphasized that this achievement is a result of extensive collaborative effort and will make Novara a new reference point for emerging technologies.

The project is expected to create 1,600 jobs and will strengthen Italy's semiconductor ecosystem. The approval of the delibera provides certainty for the Silicon Box operation feasibility, marking a crucial step towards permitting this significant investment project. The timeline now involves obtaining the unique authorization required for the intervention, with construction expected to commence in spring 2027.