Brussels – The European Investment Bank (EIB) and STMicroelectronics (STM) have signed a EUR 500m financing agreement to enhance Europe’s competitiveness and strategic autonomy. This is the first tranche of a larger 1 billion euro financing package recently approved by the EIB for STMicroelectronics, one of the world’s leading semiconductor manufacturers with a strong presence in Europe – particularly in Italy, France, and Malta – and active in the automotive, industrial, personal electronics, and communications infrastructure markets.
With this deal, the EIB will support ST’s investment programme in innovative semiconductor technologies and devices in Italy and France, countries where the company operates research and development centres and high-volume production sites. Approximately 60 percent of the agreement is focused on high-volume production capacities, including the core sites in Catania, Agrate (Monza-Brianza), and Crolles (France), while the remaining 40 percent is earmarked for research and development.
English version by the Translation Service of Withub
