{"id":6219,"date":"2022-03-02T17:47:29","date_gmt":"2022-03-02T16:47:29","guid":{"rendered":"https:\/\/telecomkh.info\/?p=6219"},"modified":"2022-03-02T17:47:29","modified_gmt":"2022-03-02T16:47:29","slug":"italy-and-france-eib-supports-strengthening-of-europes-semiconductor-industry-with-e600-million-loan-to-stmicroelectronics","status":"publish","type":"post","link":"https:\/\/telecomkh.info\/?p=6219","title":{"rendered":"Italy and France: EIB supports strengthening of Europe\u2019s semiconductor industry with \u20ac600 million loan to STMicroelectronics"},"content":{"rendered":"

A loan to finance research and development (R&D) and new innovative production lines of a global semiconductor leader. This support is in line with the policy of the European Union and its Member States to strengthen the semiconductor industry in Europe<\/strong><\/p>\n

The European Investment Bank (EIB) is providing significant financial support to STMicroelectronics: a \u20ac600 million loan for the semiconductor group\u2019s research and development (R&D) and pre-industrialisation activities in Europe.
\nThe operation concerns investments in R&D activities for innovative technologies and components, as well as in pilot production lines for advanced semiconductors. These investments will be implemented in STMicroelectronics\u2019 existing facilities in Italy (Agrate and Catania) and France (Crolles). They will contribute to the development of technologies and products to address the major challenges of environmental transition and digital transformation in all sectors.
\nThe global semiconductor market is currently worth more than \u20ac500 billion and is expected to double by 2030. Europe accounts for around 10% of world production capacity, a sharp decline compared with previous decades (24% in 2000 and 44% in 1990).
\nThe EIB\u2019s support for STMicroelectronics actively contributes to the policies put in place at European level in coordination with the Member States, in order to strengthen the semiconductor industry in Europe, in research and development, design and production and bring public financing to strategic industrial projects. The aim is to support the competitiveness of European players of this key sector, as it affects all industrial sectors, particularly those in which European manufacturers hold leadership positions.
\nBruno Le Maire, French Minister for the Economy, Finance and Recovery, said: \u201cThere will be no political sovereignty without digital sovereignty. Europe must use all the tools it has, to invest in new technologies. The EIB\u2019s role is crucial, when it grants a \u20ac600 million loan to STMicroelectronics. Our goal is clear: to accelerate the production of semiconductors in France and Italy. It is only by mastering this technology, that we will be able to safeguard the European Union\u2019s strategic independence. Those investments contribute more broadly to the support to our new growth model that creates high-value industrial jobs in our countries.\u201d
\nDaniele Franco, Italian Minister for the Economy and Finance, said: \u201cThe semiconductor industry is fundamental for the digital transition of the European Union economies. The support that the EIB provides to STMicroelectronics, one of the world\u2019s most advanced and innovative companies, represents an important step towards strengthening and making the European semiconductor industry more competitive, with a significant impact on employment and growth.\u201d
\nJean-Marc Ch\u00e9ry, President and CEO of STMicroelectronics, said: \u201cThis new loan from the EIB, with which we have been working in partnership for many years, is complementing the various existing instruments supporting our industry, such as the important projects of common European interest (IPCEI) and others that are currently being set up by the European Commission and the Member States. It is essential to work in Europe on the whole value chain: R&D, design and manufacturing, in collaboration with the different European ecosystems. ST will contribute to the goal of 20% of global production in Europe by 2030 and will continue to develop and manufacture in Europe innovative technologies and products to support the environmental transition and the digital transformation of all industries.\u201d
\nEIB Vice-President Gelsomina Vigliotti, said: \u201cSemiconductors are the key components without which no digital and ecological transition is possible. Thanks to the long-standing relationship between the EIB and ST, which has resulted in eight financing operations since 1994 worth more than \u20ac3,15 billion, the EIB supports Europe\u2019s autonomy, competitiveness and technological sovereignty.\u201d
\nEIB Vice-President Ambroise Fayolle, said: \u201cFinancing innovation, a key factor in European competitiveness and technological sovereignty, is an EIB priority. This \u20ac600 million loan to support the R&D efforts of one of Europe\u2019s leading semiconductor companies illustrates Europe\u2019s commitment to this sector, which is crucial to the future of our economies and our strategic autonomy.\u201d<\/p>\n

Above, EIB Vice-President Gelsomina Vigliotti \/ Image credited to the EIB<\/em><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

A loan to finance research and development (R&D) and new innovative production lines of a global semiconductor leader. This support is in line with the policy of the European Union and its Member States to strengthen the semiconductor industry in Europe The European Investment Bank (EIB) is providing significant financial support to STMicroelectronics: a \u20ac600 … <\/p>\n

Continue reading \u00abItaly and France: EIB supports strengthening of Europe\u2019s semiconductor industry with \u20ac600 million loan to STMicroelectronics\u00bb<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":6220,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[59],"tags":[],"_links":{"self":[{"href":"https:\/\/telecomkh.info\/index.php?rest_route=\/wp\/v2\/posts\/6219"}],"collection":[{"href":"https:\/\/telecomkh.info\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/telecomkh.info\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/telecomkh.info\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/telecomkh.info\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=6219"}],"version-history":[{"count":1,"href":"https:\/\/telecomkh.info\/index.php?rest_route=\/wp\/v2\/posts\/6219\/revisions"}],"predecessor-version":[{"id":6221,"href":"https:\/\/telecomkh.info\/index.php?rest_route=\/wp\/v2\/posts\/6219\/revisions\/6221"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/telecomkh.info\/index.php?rest_route=\/wp\/v2\/media\/6220"}],"wp:attachment":[{"href":"https:\/\/telecomkh.info\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=6219"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomkh.info\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=6219"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomkh.info\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=6219"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}