Semiconductor manufacturers GlobalFoundries (American) and STMicroelectronics (Franco-Italian) will build a plant near Grenoble to produce semiconductors, for an estimated investment of € 5.7 billion, according to the two companies and the French government.
The new plant is expected to create approximately one thousand additional jobs in Crolles, where STMicroelectronics already has a large manufacturing site, and will benefit from “Important financial support from the French state”according to the two companies.
The project is the spearhead of the investment program and the “Choose France” summit, which welcomes the leaders of large foreign companies to persuade them to invest in France. This summit will be held on Monday 11 July at the Palace of Versailles in the presence of the President of the Republic, Emmanuel Macron.
An essential component
The new factory “Will contribute significantly to the objectives of the European” Chips Act “plan, one of whose objectives is to increase Europe’s production capacity to 20% of world capacity by 2030”the two companies said in a statement.
“This large multi-year investment aims not only to produce advanced technology semiconductors in Europe, but also to support the leadership and resilience of European technology ecosystems, from research and development to high-volume manufacturing, and thus meet European and global customer demand. “, we can also read in the press release. The semiconductors produced at the new plant will particularly serve the end markets “Such as automotive, industrial, IoT (the Internet of Things) and communication infrastructure “.
Semiconductors are to electronics what oil is to industry: an essential, but often invisible, component found in computers, video game consoles, smartphones, televisions, cars, airplanes, washing machines, air conditioners temperature sensors, panels solar, etc.
But the demand for electronic devices of all kinds has skyrocketed since the start of the pandemic, between the rise of teleworking and leisure at home. To the point of slowing down other greedy sectors, such as the automotive one.
#Semiconductors #GlobalFoundries #STMicroelectronics #announce #construction #plant #Grenoble