GlobalFoundries, STMicro snag €7.4B in EU money for French fab project
GlobalFoundries and STMicroelectronics will receive billions of euros in European funding to build a chip factory in Crolles, France.
"The measure will have wide positive effects for the European semiconductor ecosystem and contribute to strengthening Europe's security of supply," an ECThe foundry project, announced last July, will see the two companies construct a fab alongside ST's existing facilities in Crolles.
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