Global Foundry and STMicroelectronics finalize agreement for new 300mm fab in France

The semiconductor investment landscape is on the rise globally, as demonstrated by the successful collaboration between GlobalFoundries and STMicroelectronics. Their joint high-volume semiconductor manufacturing facility in Crolles, France, signals a significant expansion of GlobalFoundries' presence within Europe's semiconductor ecosystem. This partnership will enable the delivery of cutting-edge technology to meet the robust demand for applications like Automotive, IoT, and Mobile devices in the coming decades. The project, supported by the French government and the European Commission, aligns with Europe's aspirations to strengthen its semiconductor ecosystem, advance key markets, and foster digitalization and decarbonization efforts. With an estimated cost of EUR7.5 billion, this facility is poised to contribute significantly to the semiconductor industry's growth and innovation.