PARIS : France said on Monday it will provide 2.9 billion euros ($3.10 billion) in state aid to help support an investment of 7.5 billion euros that chipmakers STMicroelectronics and GlobalFoundries are making to build a semiconductor factory in Crolles, southeastern France.'This is a considerable and mas
PARIS : France said on Monday it will provide 2.9 billion euros in state aid to help support an investment of 7.5 billion euros that chipmakers STMicroelectronics and GlobalFoundries are making to build a semiconductor factory in Crolles, southeastern France.
The 2.9 billion euros are part of the 5.5 billion euros package France has set aside for its investments in the microchip sector by 2030, he added. The EU wants to double its global chip market share to 20 per cent in 2030 under its Chips Act agreed in April 2023, which follows the U.S. CHIPS for America Act.
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