Invitalia: green light for Vulcan Project, microchip factory in Novara

The Invitalia board of directors has given the green light to 'Vulcan Project', the 3.2 billion euro investment project with which Silicon Box will build its first European new generation microchip factory in Novara. The resolution provides for 1.3 billion euros of public support through the Fund for the sector established under the European Chips Act, for an operation among the most important initiatives to attract foreign investments in Italy.

This concludes the preliminary investigation phase, carried out within the procedures set out in the Development Agreement, signed last March by the Minister of Business and Made in Italy, Adolfo Urso, by Invitalia and the company, with the active role of the Piedmont Region and the extraordinary government commissioner for the investment programme, Alessandro Canelli.

After the signing of the resolution and the delivery of the project, expected by the end of the year, we will proceed with the commissioner process aimed at issuing, in the shortest possible time, the single authorization necessary for the realization of the intervention. "The objective - we read in a note - is to allow the start of work next spring, giving substance to an investment of strategic importance for Italy and for strengthening the country's ability to attract industrial and technological investments. The process is constantly monitored. The competent bodies have already been involved and are working, each within their own competence, in order to ensure the necessary authorization process and arrive at the release of the authorization for the construction of the production site within the expected timeframe".