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Chip manufacturers invest billions in France

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Published: July 12th, 2022,
Last updated: December 21st, 2022

US chipmaker GlobalFoundries and European supplier STMicroelectronics announced plans for a joint semiconductor factory in France. On Monday, the Élysée Palace put the total investment for the new site near the border with Italy and Switzerland at €5.7 billion. The government in Paris will itself make a „significant“ contribution, but did not initially name a sum.

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