‘GlobalFoundries and STMicro consider building chip factory in France’

GlobalFoundries and STMicro are considering building a chip factory in France. Bloomberg sources report this. The companies would like to use Chips Act support from the European Commission for this.

In the French factory, the two companies want according to Bloomberg create advanced, energy-efficient chips. It may be new FD-SOI chips. These are chips that can be used for 5G and security purposes in the automotive, iot and mobile sectors. The two companies are developing these chips with research agency CEA and chip market supplier Soitec, both French organizations.

The sources emphasize that no final decisions have yet been made about the French factory. It is also not clear how big it can become. To finance the construction, the companies want to use Chips Act support. With this Act, the European Commission wants to ensure that the European chip market doubles in size and becomes responsible for twenty percent of the global market.

The two companies do not confirm whether the factory will be built. STMicro already has a factory in France, GlobalFoundries does not yet. Intel previously indicated that it wanted to build a factory in Germany with the help of the Chips Act support.