GlobalFoundries collaborates with STMicroelectronics for semiconductor manufacturing facility in France
The new facility will benefit from financial support from the State of France.
GlobalFoundries, a semiconductor manufacturer, and STMicroelectronics, a global semiconductor leader serving customers across the spectrum of electronics applications, have announced the conclusion of an agreement to create a new, jointly-operated, high-volume semiconductor manufacturing facility in Crolles, France.
Speaking on the collaboration, Thomas Caulfield, President and CEO of GlobalFoundries. “In partnership with STMicroelectronics in Crolles, we are further expanding GlobalFoundries’ presence within Europe’s dynamic technology ecosystem while benefiting from economies of scale to deliver additional capacity in a highly capital efficient manner.”
The program represents an overall projected cost of 7.5 billion euro for CAPEX, maintenance and ancillary costs. The new facility will benefit from financial support from the State of France (administered by Bpifrance).
RELATED ARTICLES
Mobec Targets $13 Billion Lithium Battery Recycling Sector Through Strategic Partnerships
Company begins India-wide expansion with first partner in Greater Noida; aims to build scalable battery recycling networ...
Driving Synergy: How SML Isuzu Will Accelerate Mahindra’s CV Ambitions
Strategic acquisition strengthens Mahindra’s CV play with expanded reach in LCVs, buses, and upcoming electric platforms...
TVS Motor Expects FY26 Sales Growth in Line with Last Year, Says CEO Radhakrishnan
TVS Motor anticipates steady sales growth in FY26, supported by domestic demand drivers, export recovery, EV segment exp...