Switzerland-based STMicroelectronics, a multinational electronics and semiconductors manufacturer, and US-based semiconductor contract manufacturer GlobalFoundries are to establish a joint manufacturing facility in Crolles, south-east France. The companies will expand their existing site, which currently employs 4,700 staff, by adding a further 1,000 engineers and technicians. The newly expanded facility is expected to reach full capacity in 2026, with up to 620,000 300mm wafers being produced each year.
Jean-Marc Chery, president and CEO of STMicroelectronics, explained in a company press release: “This new manufacturing facility will support our $20bn-plus revenue ambition. Working with GlobalFoundries will allow us to go faster, lower the risk thresholds, and reinforce the European FD-SOI ecosystem. We will have more capacity to support our European and global customers as they transition to digitalisation and decarbonisation.”
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STMicroelectronics and GlobalFoundries will receive funding from the French government. The project is one of 14 selected under the Choose France programme, which will invest a total of $6.75bn (€6.75bn) and create 4,000 jobs.
