STMicroelectronics receives 100 million euro loan from European Investment Bank
2022-03-04
The European Investment Bank has provided STMicroelectronics with a loan of EUR 600 million as the company's research and development and pre-industrial activities in Europe to continue to support the development of the European semiconductor industry. The total amount of financing provided by the European Investment Bank in 2021 will reach 95 billion euros, and it has provided more than 3 billion euros in financing for innovation and digital transformation plans in Italy and France respectively.
STMicroelectronics plans to use the funds for its main wafer fabs in Agrate Brianza, northern Italy, Catania, Sicily, and Crolles, France. and the challenges of digital transformation.
At present, the output value of the global semiconductor industry exceeds 500 billion euros, and it is estimated that the output value will double by 2030. The European semiconductor industry has accounted for around 10% of global capacity in recent decades, a rapid reduction compared to 2020 (24%) or 1990 (44%?). The active support of the European Investment Bank to STMicroelectronics will implement various economic policies in Europe and provide financing for the development of strategic industries, so as to strengthen the design, R&D and production capabilities of the European semiconductor industry, improve the competitiveness of European manufacturers, and lead the way Other important European industries continued to lead the way.
