President Emmanuel Macron travels to Croles near Grenoble near Isère on Tuesday to ratify a memorandum of understanding signed between STMicroelectronics, a French-Italian semiconductor specialist, and Global Foundries, a US chip maker for third parties. The announcement is significant and comes at the right time to crown the “Choose France” summit on the attractiveness of France. “This is the largest non-nuclear industrial investment in decades and a major step forward for our industrial sovereignty. 1,000 jobs are at risk.”Minister of Economy Bruno Le Maire commented on Monday.
The president and the minister of economy negotiated for many months to convince the American to invest in France. The executive did not want another failure after Intel’s decision to give preference to Germany for the construction of the future factory.
Therefore, STMicro and Global Foundries will jointly build a new semiconductor factory by 2026…
Source: Le Figaro
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