- Credit line to strengthen Europe’s semiconductor industry and support innovation, sustainability and energy efficiency in line with EU objectives
- First €500 million tranche signed to support acceleration of R&D and high-volume chip manufacturing in Italy and France.
- The new agreement, the ninth between EIB and ST, brings total financing to around €4.2 billion
The European Investment Bank (EIB) and STMicroelectronics (NYSE:STM, “ST”) have signed a €500 million financing agreement to boost Europe’s competitiveness and strategic autonomy. This represents the first tranche a broader €1 billion credit line recently approved by the EIB in favour of STMicroelectronics, a leading semiconductor manufacturer with a strong footprint in Europe including Italy, France and Malta and serving the automotive, industrial, personal electronics, and communication infrastructure markets.