EIB & ST Microelectronics announce €1 billion collaboration..
Since 1994, the EIB has backed nine ST Microelectronics projects, providing approximately €4.2 billion in financing
The European Investment Bank (EIB) and STMicroelectronics (NYSE: STM) have signed a €500 million financing agreement aimed at strengthening Europe’s competitiveness and technological sovereignty. The funding represents the first tranche of a €1 billion credit facility recently approved by the EIB in support of STMicroelectronics, a leading global semiconductor manufacturer with major operations in Italy, France, and Malta, serving the automotive, industrial, personal electronics, and communications infrastructure markets.
Since 1994, the EIB has backed nine STMicroelectronics projects, providing approximately €4.2 billion in financing. This latest agreement will support ST’s investment programme in advanced semiconductor technologies and devices across its Italian and French operations, encompassing both research and development and high-volume manufacturing. Around 60 percent of the funding will be directed toward expanding manufacturing capacity at key sites in Catania, Agrate, and Crolles, with the remaining 40 percent allocated to R&D initiatives.
“Europe’s leadership in semiconductor innovation is essential for our competitiveness, resilience, and climate ambitions,” said Gelsomina Vigliotti, Vice-President of the EIB. “This agreement underlines the EIB’s commitment to supporting strategic industries that enable the green and digital transitions while reinforcing Europe’s technological autonomy.”
Jean-Marc Chery, President and CEO of STMicroelectronics, added: “ST remains fully committed to strengthening Europe’s semiconductor ecosystem. This substantial EIB loan will support our continued investment in differentiated technologies, research, and high-volume manufacturing across our sites in Italy and France. Our long-standing partnership with the EIB reflects a shared goal of securing Europe’s leadership in the global semiconductor industry.”
EIB Vice-President Ambroise Fayolle highlighted the broader impact, noting that semiconductors are critical to modern economies, powering everything from electric vehicles to digital infrastructure. “By financing ST’s investments in advanced manufacturing and research, we are helping safeguard Europe’s access to critical technologies and create highly skilled jobs for the future.”
The agreement follows a recent visit by a senior EIB delegation, led by Vice-Presidents Vigliotti and Fayolle, to STMicroelectronics’ Catania facility—a state-of-the-art site covering the full silicon carbide value chain and a central element of the EIB’s financing support.
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