After a relatively long period of inactivity, the Southeast Asian Unicorn Club has finally welcomed a new member.
TechNode has learned that Silicon Box, a Singapore-based semiconductor packaging startup, has recently announced that it has successfully completed its $200 million Series B financing. At the same time, the valuation of Silicon Box also exceeded $1 billion, becoming the first unicorn company in Southeast Asia this year.
The financing was participated by BRV Capital, Prasedium Capital, M**Erick Capital, UMC Capital (UMC's venture capital arm), Tata Electronics (part of India's Tata Group), LAM Capital (LAM Research's venture capital arm), TDK Ventures (TDK's venture capital arm) and other institutions. In addition, it was revealed that the three co-founders of Silicon Box - Sehat Sutardja, Weili Dai, and Byung-Joon Han are also participants in this investment.
It is reported that Silicon Box will use the new funds to promote the global development of its chiplet technology, and further enhance the development support for large language models, GenAI, mobile computing, data centers, automotive travel technology and other technologies.
Founded in 2021, Silicon Box is a semiconductor integration service provider focusing on chiplet architecture. According to reports, at present, Silicon Box has spent $2 billion in Singapore in July last year to build a 750,000-square-foot semiconductor packaging factory, and the factory began mass production for its early customers in October last year.
According to a research report, the global semiconductor industry market is expected to grow from $528.8 billion in 2023 to $616.5 billion in 2024, a year-on-year growth rate of 16%, thanks to product innovation, artificial intelligence data centers, next-generation computing, high-performance computing applications, and further growth in semiconductor demand for passenger car electrification.