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Europe Daily Bulletin No. 13172

29 April 2023
Contents Publication in full By article 10 / 39
ECONOMY - FINANCE - BUSINESS / Competition
European Commission authorises €7.4 billion in French aid to STMicroelectronics and GlobalFoundries for production of electronic chips
Brussels, 28/04/2023 (Agence Europe)

On Friday 28 April, the European Commission authorised a French measure aimed at helping STMicroelectronics and GlobalFoundries to build and jointly operate an innovative large-scale production facility for high-performance electronic chips in Crolles, France.

France will provide the two companies with €7.4 billion in direct subsidies.

The electronic chips produced will be intended in particular for FD-SOI technology, an innovative ultra-low power technology.

The European Commission...

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