Posted 10 Jul 2022 at 20:11Updated July 11, 2022 at 8:07 am
France and Europe are still strengthening in semiconductors. French-Italian STMicroelectronics and American Global Foundries announced on Monday a new expansion of the “ST” -owned electronic chip factory in Crolles in Isère. Jointly managed by the two companies, these new production buildings will reach full capacity in 2026 and will employ a thousand engineers and technicians, in addition to the 4,000 already employed at the Grésivaudan valley site.
This project is the main investment announced on Monday at the “Choose France” summit in Versailles, in the presence of Emmanuel Macron. The head of state himself could promote it on Tuesday during a trip to Grenoble. Semiconductor smelter giant owned by an Abu Dhabi fund, GlobalFoundries had never bet on France.
Estimated by the government at € 5.7 billion, this investment is part of the “Chips Act”, a vast plan by the European Commission to double (to 20%) the share of chips produced in Eastern Europe by 2030. Presented last February, it aims to reduce the EU’s dependence on imports from Asia and strengthen its sovereignty and invest in the next generation of semiconductors.
“Europe must be the leader of the next generation of chips”, Thierry Breton, commissioner for the single market and digital, had invoked in “Les Echos”, speaking of a “strategic reconquest”. The joint facilities of STMicroelectronics and GlobalFoundries will specialize in FD-SOI technology – particularly popular with the automotive industry – which will focus on engraving with fineness down to 18 nanometers. It will be the first time in France.
The Choose France summit, whose fifth edition will be held this Monday afternoon in Versailles, aims to sell the tricolor brand to investors from all over the world. It will bring together some 180 foreign leaders, including those from Coca-Cola, Disney, Ericsson, Siemens and Nissan.
In total, 14 projects will be revealed, for a total investment, according to Emmanuel Macron’s entourage, of 6.7 billion euros and the creation of 4,000 permanent jobs.
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