GlobalFoundries and STMicroelectronics to build a chip factory in France

Deepak Gupta June 16, 2022
Updated 2022/06/16 at 12:42 PM

As we have already mentioned several times here, the shortage of chips promoted mainly by the COVID-19 pandemic, was one of the main reasons for people in general to understand the importance that this sector has in most of the technological equipment in the world.

Thus, the increase in the production of these components has been one of the great objectives of the industry. As such, recent information indicates that the companies GlobalFoundries and STMicroelectronics are joining forces to build a chip factory in France.

New chip factory could arrive in France

According to the most recent reports Coming from the world of industry, North American GlobalFoundries together with Franco-Italian STMicroelectronics are in talks with the French government with the aim of jointly building a chip factory in the European country. The idea is to obtain funding from the country's government so that both companies can also place themselves in the race for the manufacture of components on European soil, with a view to growing to become a future production power.

In February of this year, we reported that the European Union expects to invest 11 billion euros in the semiconductor industry, through its EU Chips Act project, which expects the continent to be able to produce 20% of the world's global chips by the year. of 2030.

According to a spokesperson for GlobalFoundries:

[A empresa] is committed to working together with our customers, partners and governments to help solve the global chip shortage by leveraging new models of economic partnerships that include co-investments to increase our global manufacturing capacity.

If there is more information to share, we will do so at an appropriate time.

In turn, STMicroelectronics says it does not comment on the speculation, but adds that the company "will be one of the main contributors to the increase in the volume of semiconductor production in Europe and also to the independence of the supply network of all European industries".

Some sources familiar with the negotiations said that the French factory "can focus on producing energy efficient chips with advanced manufacturing processes".

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