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STMicro, GlobalFoundries to build French microchip plant -Le Figaro

Published 07/10/2022, 01:22 PM
Updated 07/10/2022, 01:40 PM
© Reuters. FILE PHOTO: A logo is pictured on the factory of STMicroelectronics in Plan-les-Oautes near  Geneva, Switzerland, December 6, 2016. REUTERS/Denis Balibouse

© Reuters. FILE PHOTO: A logo is pictured on the factory of STMicroelectronics in Plan-les-Oautes near Geneva, Switzerland, December 6, 2016. REUTERS/Denis Balibouse

PARIS (Reuters) -GlobalFoundries Inc and STMicroelectronics will announce on Monday plans to build a semiconductor factory in France for an investment of nearly 4 billion euros, as part of Europe's efforts to boost its independence in microchips, Le Figaro reported on Sunday.

This would help support a push from the European Commission to produce 20% of the world's microchips in Europe by 2030.

The investment is expected to be announced during the fifth edition of the President Emmanuel Macron's "Choose France" summit to be held on Monday in Versailles.

© Reuters. FILE PHOTO: A logo is pictured on the factory of STMicroelectronics in Plan-les-Oautes near  Geneva, Switzerland, December 6, 2016. REUTERS/Denis Balibouse

STMicro declined to comment.

A snapback in demand for products ranging from smartphones to cars, following a slump caused by the coronavirus pandemic, has disrupted chip supply chains especially in the car industry.

Latest comments

just wait till you try and fire a French employee, or get them to put more than a 9 to 5 effort into their work. 1 yr maternity leave, basically the laziest people in the western world. Brits are pretty lazy too
It sounds like they have life figured out.
Here he goes: another capitalist wannabe
Until you have a baby pop out your ********maybe you should withold judgement
Congress better pass the chips act or Moscow mitch will be voted out
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