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flag STMicroelectronics gets €1B from EIB to boost chip production and R&D in Europe.

flag STMicroelectronics has secured a €1 billion credit line from the European Investment Bank, with €500 million already disbursed to boost chip manufacturing and R&D in Italy and France. flag The funds will support production sites in Catania, Agrate, and Crolles, with 60% going to manufacturing and 40% to innovation. flag The investment aims to strengthen Europe’s semiconductor industry, advance sustainability, and support strategic autonomy, aligning with EU digital and climate goals. flag This marks the ninth EIB-ST deal since 1994, bringing total EIB financing to €4.2 billion.

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