GF, STMicroelectronics: 4 billion euros announced to build a fab in France with an annual capacity of 620,000 wafers

According to relevant media reports, GlobalFoundries and STMicroelectronics will announce plans to invest nearly 4 billion euros to build a semiconductor factory in France at the "Choose France" summit in Versailles on July 11.

GLOBALFOUNDRIES and STMicroelectronics announced on July 11 that they have signed a memorandum of understanding to jointly build a new 300mm wafer fab near STMicroelectronics' Crolles 300mm fab in France. 620,000 300mm wafers.

It is reported that GF and STMicroelectronics will receive substantial financial support from the French government, and the new fab will promote the goals of the European Chip Act, including reaching 20% ​​of global semiconductor production in Europe by 2030. In addition, the new plant will bring more than 1,000 local jobs.

In February of this year, the European Union announced the much-watched "Chip Act", which plans to invest 43 billion euros (about 49 billion U.S. dollars) in a new generation of chip factories to increase the EU's share of global chip production. It is a multi-year, large-scale investment plan aimed at making Europe a global leader in chip manufacturing.

Ursula Von Der Leyen, president of the European Commission, said the EU is currently too reliant on overseas suppliers and has not yet made the most advanced chips. And chips are at the heart of the global technology race, and certainly the cornerstone of our modern economy.

The EU's "Chip Act" aims to increase the EU's chip production capacity from the current 10% of the world's total to 20% by 2030. Von der Leyen also said: "The epidemic has also exposed the fragility of the European supply chain." The production of automobiles and other goods has been hit by chip shortages.

In addition, the EU is also tweaking state aid regulations to allow huge subsidies for cutting-edge factories.