A little less than a year ago, GlobalFoundries and STMicroelectronics officially confirmed their intention to set up a joint venture to manufacture semiconductor components in France. All the necessary permits were only recently obtained, paving the way for the start of construction.
Recall that 58% of the shares in the company’s capital will go to the American company GlobalFoundries, the oldest companies of which are located in neighboring Germany, and 42% of the shares will go to STMicroelectronics. The company will be located on the territory of the existing site of the last of the companies near the Italian and Swiss borders. The French authorities agreed to provide targeted financial support in agreement with the European Commission.
Appeared and Security with the amount of capital investment that will be required to implement this project. Together with the associated costs, they will reach 7.5 billion euros. As early as 2026, the new company will be able to produce up to 620,000 300mm silicon wafers annually using various lithography standards down to 18nm. STMicroelectronics management believes this project will increase the company’s annual sales to $20 billion.