The State breaks its piggy bank for semiconductors made in France. The Minister of the Economy, Bruno Le Maire, announced on Monday that state aid of 2.9 billion euros would be granted to the new chip factory of STMicroelectronics and GlobalFoundries in Crolles, near Grenoble.
This state aid is one of the most important for a factory since 2017, said Bercy. It will be financed by the France 2030 plan, which provides for a total of 5.5 billion euros for the semiconductor sector.
This future factory – a project of almost 7.5 billion – is part of the “Chips Act”, the European Union’s program for the EU to reach 20% of the world market for semiconductors in 2030, which means quadrupling current European production.
More information to come.
What keys to adapt in a complex environment?
How to react to the challenges of the energy transition? How to position yourself in an unstable economic and political environment? How can the innovation opportunities in each sector be best exploited? On a daily basis, through our decryptions, surveys, chronicles, international press reviews and editorials, we support our subscribers by giving them the keys to adapting to a complex environment.