France welcomes new chips production site in bid to become global player

Euractiv | Jul 11, 2022 at 5:01 PM
  • France is set to welcome a new semiconductor production site on its soil as it continues the drive to position itself on the global market amid growing shortages, though it is still unclear where funding for the new plant is coming from.
  • The manufacturing facility, located next to STMicroelectronics’ existing plant in Crolles, near Grenoble, is expected to reach full capacity by 2026 and produce up to 620,000 new wafers for the company per year, far exceeding the 550,000 currently being built on the site right now.
  • This announcement is part of the EU’s wider drive to catch up with global competitors on chip production and double its share in the world microchip market from 10% to 20% by 2030.