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News  ›  GlobeNewswire Inc.

EIB and STMicroelectronics announce €1 billion agreement to boost Europe’s competitiveness and strategic autonomy

GlobeNewswire Inc. Logo GlobeNewswire Inc. By Eib And Stmicroelectronics
EIB and STMicroelectronics announce €1 billion agreement to boost Europe’s competitiveness and strategic autonomy

The European Investment Bank (EIB) signed a €500 million financing agreement with STMicroelectronics to support semiconductor innovation and manufacturing in Italy and France, representing the first tranche of a €1 billion credit line.

Insights
STM   positive

Receiving significant financing to boost R&D and manufacturing capabilities, expanding semiconductor ecosystem in Europe