# Silicon Box semiconductor investment in Italy > Developing situation record from CLSTR: https://clstr.news/situations/silicon-box-semiconductor-investment-in-italy > Updated: 2026-10-29T08:30:41.000Z. Sources: 2. Developments: 2. The Italian government approved a financing framework for Silicon Box to establish a semiconductor manufacturing facility in Novara, known as the Vulcan Project. The initiative involves a total investment of €3.2 billion, with the Italian government providing €1.3 billion in public support through a fund established under the European Chips Act. The facility will focus on back-end production stages, including chiplet integration, advanced packaging, and testing, with the goal of strengthening the European semiconductor supply chain. Following the approval, plans were detailed for the facility to serve as a strategic hub in Southern Europe. The project timeline includes completing the design phase by 2026, with construction scheduled to begin in the spring of 2027. The company aims to start chip production in 2029 and reach full operational capacity by 2033. Once fully operational, the plant is expected to create approximately 1,600 direct jobs. ## Timeline ### 2026-10-29: Silicon Box to launch semiconductor facility in Novara, Italy Prime Minister Giorgia Meloni will attend the launch of a 3.2 billion euro Silicon Box semiconductor facility in Novara, Italy, which is expected to create 1,600 jobs. 2 sources. https://clstr.news/cluster/silicon-box-to-launch-semiconductor-facility-in-novara-italy ### 2026-10-06: Silicon Box to invest €3.2 billion in Italian chip plant Italy is backing a €3.2 billion semiconductor project by Silicon Box in Novara, aiming to boost Europe’s chip supply chain and create 1,600 jobs through advanced packaging and chiplet integration. 3 sources. https://clstr.news/cluster/silicon-box-to-invest-32-billion-in-italian-chip-plant --- Cite as: Silicon Box semiconductor investment in Italy. CLSTR, https://clstr.news/situations/silicon-box-semiconductor-investment-in-italy