GlobalFoundries collaborates with STMicroelectronics for semiconductor manufacturing facility in France
The new facility will benefit from financial support from the State of France.
GlobalFoundries, a semiconductor manufacturer, and STMicroelectronics, a global semiconductor leader serving customers across the spectrum of electronics applications, have announced the conclusion of an agreement to create a new, jointly-operated, high-volume semiconductor manufacturing facility in Crolles, France.
Speaking on the collaboration, Thomas Caulfield, President and CEO of GlobalFoundries. “In partnership with STMicroelectronics in Crolles, we are further expanding GlobalFoundries’ presence within Europe’s dynamic technology ecosystem while benefiting from economies of scale to deliver additional capacity in a highly capital efficient manner.”
The program represents an overall projected cost of 7.5 billion euro for CAPEX, maintenance and ancillary costs. The new facility will benefit from financial support from the State of France (administered by Bpifrance).
RELATED ARTICLES
MediaTek Sees India Account for 20% of Global Automotive Chip Rollout in 5 Years
Taiwanese semiconductor firm bets big on India's connected vehicle ecosystem, ramps up local engineering efforts and EV ...
MG Says Not Immune to Rare Earth Disruption
Managing Director says Chinese connection with SAIC Motor provides no preferential access to critical materials needed f...
Gabriel India to Invest Rs 27 Crore in Fasteners Joint Venture with South Korean Firm
Company will hold 51% stake in Jinhap Automotive India Private Limited to manufacture automotive and industrial fastener...