Singapore Boosts Semiconductor Sector with $2 Billion Factory by Silicon Box

Singapore Boosts Semiconductor Sector with $2 Billion Factory by Silicon Box

Singapore Boosts Semiconductor Sector with $2 Billion Factory by Silicon Box

July 22, 2023

Singapore Boosts Semiconductor Sector with $2 Billion Factory by Silicon Box

Singapore Boosts Semiconductor Sector with $2 Billion Factory by Silicon Box

Singapore Boosts Semiconductor Sector with $2 Billion Factory by Silicon Box

July 22, 2023

Singapore Boosts Semiconductor Sector with $2 Billion Factory by Silicon Box

July 22, 2023

Singapore Boosts Semiconductor Sector with $2 Billion Factory by Silicon Box

PRESS RELEASE

Silicon Box has launched the world’s most advanced semiconductor factory in Singapore, positioning the country as a global leader in high-performance technology


  • The SGD 2 billion cutting-edge semiconductor factory is expected to generate over 1000 jobs with upskilling programs to significantly boost the nation's GDP with the support of the Singapore Economic Development Board (EDB) 


  • ESG-conscious, this innovative approach betters current technology by reducing package sizes, improving electrical performance by over 50%, and lowering power consumption by more than 40% 

Singapore, 20 July 2023 - Silicon Box, a Singapore-based cutting-edge semiconductor integration startup, launched its SGD 2 billion advanced semiconductor manufacturing foundry to revolutionise the chip manufacturing sector, develop local capabilities, and boost Singapore’s position as a global hub for semiconductor manufacturing. Supported by the Singapore Economic Development Board (EDB), Silicon Box is also looking to upskill and employ up to 1,200 highly skilled people with computer science, engineering, and design backgrounds.


The 73,000 sqm Tampines factory launched today with EDB Chairman, Mr. Png Choon Boon, attending as guest of honor.  Mr Png Cheong Boon and the three Silicon Box co-founders Dr. Han Byung Joon, CEO, Dr. Sehat Sutradja, Chairman of the board and Weili Dai.


“This new facility is well poised to solve the unique challenges for chiplet adoption, which is critical to meet market demands of emerging technologies. Our proprietary interconnection technology will not only shorten the design cycle of chips but also lower new device costs, reduce power consumption and enable faster time-to-market for industry partners like artificial intelligence, data centres, and electronic vehicles”
explains Dr. Han CEO, Silicon Box.


“At MeetKai, we are thrilled to have partnered with Silicon Box and have barely touched the surface of what promises to be very fertile ground for enterprise and industrial use cases in the metaverse. As a disruptive leader in the metaverse space, it gives us great pride to work with a company moving so disruptively in the Semiconductor space. Our heavy usage of AI has given us a first hand look at the needs for mass disruption in the semiconductor space. By automating training and monitoring capabilities, we hope to set the groundwork for Silicon Box to scale to many more factories even faster,” said MeetKai Co-Founder and CEO, James Kaplan. “Using advanced AI-powered and metaverse technologies, we were able to create  a full digital twin of Silicon Box’s state of the art advanced packaging fab in a matter of days, providing the capabilities for professional training, orientation tours, and live creative collaboration at fractions of the cost and time that were previously thought possible.” Created by meetkai


In line with Singapore's goal to expand its manufacturing sector by 50% by 2030, this will further strengthen its appeal as a preferred destination for AI and semiconductor companies seeking to diversify their manufacturing supply chains amid growing geopolitical tensions. By embracing this new technology, Singapore aims to solidify its position as a global leader in high-performance technology and enhance its attractiveness to industry players.


The establishment of this factory is poised to have a significant impact on Singapore's semiconductor sector. It is expected to boost the industry's growth and elevate the country's standing as a formidable player in the global market. This development will contribute to the nation's economic expansion and support Singapore's long-term vision of expanding its manufacturing base. 


Developing local talent to be ready for next-gen manufacturing 

With the support of the Singapore Economic Development Board (EDB), the factory will create over 1000 technologically advanced jobs while providing upskilling opportunities. This venture focuses on human capital spanning from entry-level to highly skilled engineering roles; the homegrown talent is vested in Silicon Box’s vision as they commit to providing upskilling programs to keep the Singaporean workforce market-ready in disruptive technologies.


This investment will bolster the nation's GDP and drive workforce development, ensuring Singapore remains at the forefront of technological innovation and manufacturing excellence.


 “Singapore is home to a vibrant and sophisticated semiconductor industry, with a strong ecosystem of solution providers and partners. Silicon Box’s decision to set up its first manufacturing and R&D facility in Singapore is a testament to our competitiveness as a critical global node for semiconductors and a vote of confidence in the long-term growth prospects of the sector in Singapore. We will continue strengthening our industry’s competitiveness by developing a stronger talent pipeline, reducing the sector’s carbon footprint, and deepening our semiconductor R&D capabilities” explains Singapore Economic Development Board’s (EDB) Chairman Png Cheong Boon.


Next-gen semiconductor technology to accelerate the future of computing and AI

Silicon Box offers design flexibility and exceptional electrical performance at a lower cost and power consumption with its proprietary fabrication method. They have developed the shortest interconnections using sub-5-micron technology, setting a new standard in semiconductor design cycles. This means the industry can efficiently scale chiplet-based solutions across the semiconductor value chain. 


Benefits include:

Silicon Box's one-of-a-kind fabrication method increases design flexibility, providing better electrical performance.

  • Cost-savings without compromising on power as Silicon Box delivers exceptional results at lower cost and power consumption.
  • Benefit from the shortest interconnections, engineered using advanced sub-5-micron technology, ensuring quicker scaling of chiplet-based solutions.
  • Leverage the advantages of chiplets that allow larger systems to be built economically with optimised power consumption and higher performance.
  • Tap into Silicon Box's partnerships with industry leaders for next-generation chiplet-based solutions, demonstrating their credible expertise and readiness to meet market demands.


The benefits for chip designers result in double computing performance at a fraction of the cost compared to traditional approaches. For graphical processors and high-performance computing chips, costs can be reduced by up to four times. This is a new paradigm in the chip industry, where stakeholders can concentrate on enhancing the performance optimisation of these modular functional units.


ESG and resource efficiency of the factory 

  • A reverse osmosis de-ionized (RO-DI) water filtration system that purifies NeWater for manufacturing processes
  • A fully contained wastewater treatment facility enables 50% of post-manufacturing wastewater to be recycled and reused
  • Multi-grid voltage systems and solar panels improve transmission lines' capacity and distribute power consumption more efficiently
  • Energy-efficient window glass, blinds, and high-quality insulation reduce the energy required for cooling


Simultaneously, Silicon Box’s integration methods enable high-performance solutions with low power consumption, allowing collaborators to design and build for a more sustainable future. At its core, this cutting-edge offering is not only for manufacturers but retailers and consumers. The ripple effects extend beyond sheer dollars and cents, the predicted economic surge spans multiple sectors due to the interwoven nature of today’s supply chains. This expansion in Asia marks more than widened industrial horizons; it preludes a shift to innovation-led growth brewing within Singapore’s borders.


About Silicon Box

Silicon Box is an advanced chiplet interconnection company specialising in cutting-edge semiconductor integration services. Founded in 2021 by Dr. BJ Han, Dr. Sehat Sutardja, and Weili Dai, the Singapore company is capable of collaborating on everything from initial design to final manufacturing of chiplets through its established relationships with best-in-class partners, has a track record of customer success and proprietary technology. Its state-of-art facility in Singapore provides advanced interconnection capabilities and demonstrates leadership in innovation at this critical epoch of semiconductor manufacturing technology. To learn more about Silicon Box, visit www.silicon-box.com/ 


Press and Interview Enquiries

Email jan@bulletboadcast.io or vicki@bulletbroadcast.io


Investor Enquiries

Michael Han, Head of Business | mike.han@silicon-box.com

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June 8, 2026
SINGAPORE — 8 June 2026 — Silicon Box , a pioneer in advanced semiconductor panel-level packaging and chiplet integration, today announced that it has secured SGD 100 million in debt financing from leading institutional investors – funds managed by Ares Management Corporation (“ Ares ”), InnoVen Capital , January Capital Growth Credit (“January Capital”) , and Abound Capital . The facility includes an option to upsize by an additional USD 75 million. As traditional monolithic scaling approaches physical and economic limits, Silicon Box’s proprietary SiPlet® technology and panel-level packaging solutions are addressing critical bottlenecks in next-generation semiconductor design. Since its first high-volume manufacturing announcement last year, Silicon Box, as of Q1 2026, has achieved significant commercial traction, including the shipment of over 250 million units at near-perfect yield from its flagship Singapore manufacturing facility. “We are pleased to support Silicon Box in this next phase of growth,” said Dinesh Goel, Partner at Ares . “The company has demonstrated strong execution capabilities and operates at the leading edge of advanced packaging – a strategically important segment of the semiconductor value chain. We believe that Silicon Box is well-positioned to scale globally, and this financing reflects our confidence in the management team and the long-term growth outlook for advanced packaging.” “In capital-intensive industries like semiconductor manufacturing, access to flexible and scalable funding is critical to capturing growth opportunities. The proceeds will be deployed for capacity expansion to meet the rapidly growing market demand,” said Dr. BJ Han, co-founder and CEO of Silicon Box . "This financing enhances our capital base while minimising shareholder dilution, and we are pleased to partner with Ares, InnoVen, Abound, and January Capital. Their support reinforces confidence in our strategy and enables us to execute on our global expansion plans." The financing follows closely on the company’s recently completed USD 150 million Series B2 equity round, further strengthens Silicon Box’s capital structure to support its next phase of growth, and accelerates the global deployment of its advanced packaging solutions. With a strengthened balance sheet following the combined debt and equity financing, Silicon Box is well-positioned to expand manufacturing capacity, support increasing customer demand, and further its leadership in advanced packaging for sectors such as artificial intelligence (AI), high-performance computing (HPC), mobile, Internet of Things (IoT), robotics, and space tech. About Silicon Box Silicon Box is an advanced semiconductor packaging company, specializing in cutting-edge integration technology and manufacturing processes. We offer solutions that enable chiplet architecture, as well as high-performance, affordable alternatives to traditional packaging schemes. Leveraging our proprietary technology, 30 years of multi-sectoral expertise, and relationships with best-in-class partners, we strive to solve the unique challenges of chiplet adoption to build the emergent technologies shaping the world around us today. Silicon Box was founded in 2021 by Dr. Byung Joon (BJ) Han, Dr. Sehat Sutardja, and Weili Dai. To learn more about Silicon Box go to: silicon-box.com/newsroom and silicon-box.com/timeline . About Ares Management Corporation Ares Management Corporation (NYSE:ARES) is a leading global alternative investment manager offering clients complementary primary and secondary investment solutions across the credit, real estate, private equity and infrastructure asset classes. We seek to advance our stakeholders' long-term goals by providing flexible capital that supports businesses and creates value for our investors and within our communities. By collaborating across our investment groups, we aim to generate consistent and attractive investment returns throughout market cycles. As of March 31, 2026, Ares Management Corporation's global platform had over $644 billion of assets under management, with operations across North America, South America, Europe, Asia Pacific and the Middle East. For more information, please visit www.ares.com . About InnoVen Capital InnoVen Capital is Asia’s leading debt provider supporting high growth technology companies across Southeast Asia, China, and India. Established as a joint venture between Seviora (a wholly owned subsidiary of Temasek Holdings) and UOB, we actively support talented founders in Asia in growing their businesses. For more information, please visit https://innovencapital.com/ . About January Capital January Capital is a multi-strategy investment firm headquartered in Singapore, investing in technology businesses that will power growth across the Asia-Pacific region over the next decade and beyond. The firm serves as a capital solutions provider through its two core strategies: early-stage venture equity and growth-stage credit. Learn more at www.january.capital . About Abound Capital Abound Capital is a private credit and venture debt firm established in Singapore with a mission to expand access to alternative capital for entrepreneurs in Southeast Asia. We provide non-dilutive and flexible source of growth funding to early and growth stage companies across the region. For more information, please visit www.aboundcap.com . ### End of Release ### For further inquiries, contact us: For press: janice.yeo@silicon-box.com For investors: hz.wong@silicon-box.com
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CEO Dr. Byung Joon Han speaks to Bloomberg News at the New Economy Forum
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After working as an engineer in the electronics industry for over a decade, Anand, driven by his passion for improving processes and ensuring a safe work environment, decided to pivot and take up an opportunity with the Environmental, Health, and Safety (EHS) team. He has not looked back since.
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