To increase Europe’s competitiveness and strategic autonomy, STMicroelectronics and the European Investment Bank (EIB) have inked a €500 million financing deal. This is the first installment of a larger €1 billion credit line that the EIB recently approved for STMicroelectronics. The company has a significant presence in Europe, including Italy, France, and Malta.
Nine projects involving ST have been funded by the Bank since 1994, totaling over €4.2 billion. This new operation will support ST’s investment program in innovative semiconductor devices and technologies in France and Italy, where the company conducts both high-volume manufacturing and research & development.
The important locations of Catania, Agrate, and Crolles are among the high-volume manufacturing capabilities that account for about 60% of the agreement, with the remaining 40% going toward R&D.
The agreement was made after a high-level EIB delegation, headed by Vice-Presidents Gelsomina Vigliotti and Ambroise Fayolle, visited ST’s facility in Catania last week. This cutting-edge facility covers the entire Silicon Carbide (SiC) value chain and is a crucial component of the EU Bank’s financing.
Leadership Comments
“Europe’s ability to lead in semiconductor innovation is vital for our competitiveness, resilience and climate goals. This agreement reflects the EIB’s commitment to supporting strategic industries that enable the green and digital transitions and strengthen Europe’s technological sovereignty,” said Gelsomina Vigliotti, EIB Vice-President.
“ST continues to be committed to strengthening Europe’s semiconductor ecosystem, and this significant loan from EIB aims at bolstering our efforts in R&D for differentiated technologies and high-volume manufacturing across our sites in Italy and France”, said Jean-Marc Chery, President and CEO of STMicroelectronics. “ST’s longstanding collaboration with the EIB underscores our commitment to ensuring European technology leadership in the global semiconductor market.”
“Semiconductors are at the heart of modern economies, powering everything from electric vehicles to digital infrastructure. By financing ST’s investments in research and advanced manufacturing, we are helping Europe secure critical technologies and create high-skilled jobs for the future,” added EIB Vice-President Ambroise Fayolle.
