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Europe Daily Bulletin No. 10817

29 March 2013
SECTORAL POLICIES / (ae) research
EIB loan to Italian STMicroelectronics centres

Brussels, 28/03/2013 (Agence Europe) - On 26 March, the European Investment Bank (EBI) granted STMicroelectronics a multicurrency loan of €350 million. This will help this European leader company in the semiconductor sector to fund multiannual research and development programmes (R&D). The funding will be paid over eight years and involves the entire R&D activities cycle, which seeks to develop new electronic feed mechanisms and micro-electromechanical systems. This will begin at the...