STMicro investment: why mive factory subsidies will multiply

After the epidemic of giga-factories, that of giga subsidies. The government announced on Monday aid of 2.9 billion euros for the new Grenoble chip factory of STMicroelectronics and GlobalFoundries . This is a quantum leap in public subsidization to private industry. As the Minister of the Economy immediately claimed, this has been a record for many years.

Even the automotive battery gigafactories have not claimed such treatment. To attract to Dunkirk that of the Taiwanese Prologium, the State would have promised between 1 and 1.5 billion euros in direct subsidies for a total investment of 5.2 billion by 2030. Another fresh investment, the battery factory of ACC in Douvrin would capture 860 million from France (460 million from Germany) on an investment for 3 factories in 3 countries of 7 billion. It goes without saying that the 1 billion cybersecurity plan announced in 2021, or the two-pronged artificial intelligence plan which will total 3 billion from 2018 until 2027, do not concentrate as much money for such a limited number of players as in the case of this factory of STM and GlobalFoundries.