(ANSA) - MILAN, 02 MAR - The European Investment Bank is supporting the strengthening of the European semiconductor industry with a 600 million euro loan to STMicroelectronics.
The transaction concerns investments in R&D inactivity for innovative technologies and components, as well as in pilot production lines for advanced semiconductors.
These investments will be made in the existing plants of STMicroelectronics in Italy (Agrate and Catania) and in France (Crolles).
They will contribute to the development of technologies and products to address the great challenges of environmental transition and digital transformation in all sectors.
The global semiconductor market is currently worth more than € 500 billion and is expected to double by 2030.
Europe accounts for around 10% of world production capacity, a sharp decline compared to previous decades (24% in 2000 and 44% in 1990).
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