{"id":41361,"date":"2023-06-08T14:05:20","date_gmt":"2023-06-08T13:05:20","guid":{"rendered":"https:\/\/www.gsma.com\/get-involved\/gsma-membership\/gsma_resources\/globalfoundries-and-stmicroelectronics-finalize-agreement-for-new-300mm-semiconductor-manufacturing-facility-in-france\/"},"modified":"2024-11-05T12:44:16","modified_gmt":"2024-11-05T12:44:16","slug":"globalfoundries-and-stmicroelectronics-finalize-agreement-for-new-300mm-semiconductor-manufacturing-facility-in-france","status":"publish","type":"gsma_theme_resources","link":"https:\/\/www.gsma.com\/get-involved\/gsma-membership\/cn\/gsma_resources\/globalfoundries-and-stmicroelectronics-finalize-agreement-for-new-300mm-semiconductor-manufacturing-facility-in-france\/","title":{"rendered":"GlobalFoundries and STMicroelectronics finalize agreement for new 300mm semiconductor manufacturing facility in France"},"content":{"rendered":"

Paris, June 5, 2023<\/strong> \u2013 GlobalFoundries Inc. (Nasdaq: GFS), a global leader in feature-rich semiconductor manufacturing,\u00a0and STMicroelectronics (NYSE: STM), a global semiconductor leader serving customers across the spectrum of electronics applications, announced today the conclusion of the agreement to create a new, jointly-operated, high-volume semiconductor manufacturing facility in Crolles (France), which was announced on 11 July 2022.<\/p>\n

\u201cI would like to thank Minister Le Maire, the French Minister of the Economy and Finance, and his team for their support and the dedication for the last 12+ months that have made celebrating today\u2019s milestone possible<\/em>,\u201d said Dr. Thomas Caulfield, President and CEO of GlobalFoundries. \u201cIn partnership with ST in Crolles, we are further expanding GF\u2019s presence within Europe\u2019s dynamic technology ecosystem while benefiting from economies of scale to deliver additional capacity in a highly capital efficient manner. Together we will deliver GF\u2019s market leading FDX technology and ST\u2019s comprehensive technology roadmap, in alignment with customer demand which is expected to remain high for Automotive, IoT, and Mobile applications over the next decades<\/em>.\u201d<\/p>\n

\u00a0<\/em><\/p>\n

\u201cToday marks an important milestone for ST, for GF, as well as for Europe. This could not have been achieved without the support of the French government as well as of the European Commission,\u201d <\/em>said Jean-Marc Chery, President and CEO of STMicroelectronics. \u201cWe will further reinforce the European and French FD-SOI ecosystem, building more capacity for our European and global customers in complex, advanced technologies for key end-markets including automotive, industrial, IoT and communication infrastructure, as they transition to digitalization and decarbonization. This new manufacturing facility will support our $20 billion+ revenue ambition.\u201d<\/em><\/p>\n

\u00a0<\/p>\n

The program represents an overall projected cost of 7.5 billion euro for CAPEX, maintenance and ancillary costs. The new facility will benefit from significant financial support from the State of France (administered by Bpifrance). The aid measure, in line with the objectives set out in the European Chips Act and part of the \u201cFrance 2030\u201d plan, recently received approval from the European Commission.<\/p>\n

* * *<\/p>\n

\u00a0<\/strong><\/p>\n

About GF<\/strong><\/p>\n

GlobalFoundries (GF) is one of the world\u2019s leading semiconductor manufacturers. GF is redefining innovation and semiconductor manufacturing by developing and delivering feature-rich process technology solutions that provide leadership performance in pervasive high growth markets. GF offers a unique mix of design, development, and fabrication services. With a talented and diverse workforce and an at-scale manufacturing footprint spanning the U.S., Europe and Asia, GF is a trusted technology source to its worldwide customers. For more information, visit www.gf.com<\/a>.<\/p>\n

\u00a9GlobalFoundries Inc., GF, GlobalFoundries, the GF logos and other GF marks are trademarks of GlobalFoundries Inc. Or its subsidiaries. All other trademarks are the property of their respective owners.<\/p>\n

Contacts:<\/strong><\/p>\n

Media:
Laurie Kelly
GlobalFoundries
+1 518 265 4580
laurie.kelly@gf.com<\/a><\/p>\n

Investor Relations:
ir@gf.com<\/a><\/p>\n

About STMicroelectronics<\/strong>
At ST, we are over 50,000 creators and makers of semiconductor technologies mastering the semiconductor supply chain with state-of-the-art manufacturing facilities. An integrated device manufacturer, we work with more than 200,000 customers and thousands of partners to design and build products, solutions, and ecosystems that address their challenges and opportunities, and the need to support a more sustainable world. Our technologies enable smarter mobility, more efficient power and energy management, and the wide-scale deployment of the Internet of Things and connectivity. We are committed to achieving our goal of becoming carbon neutral by 2027.<\/p>\n

Further information can be found at\u00a0www.st.com<\/a>.<\/p>\n

\u00a0<\/p>\n

Contacts:<\/strong><\/p>\n

MEDIA RELATIONS:<\/strong>
<\/strong>Alexis Breton<\/strong>
<\/strong>Corporate External Communications<\/strong>
<\/strong>Tel: + 33.6.59.16.79.08<\/strong>
alexis.breton@st.com<\/a><\/p>\n

\u00a0<\/p>\n

INVESTOR RELATIONS:<\/strong>
C\u00e9line Berthier<\/strong>
Group VP, Investor Relations<\/strong>
Tel: +41.22.929.58.12
Celine.berthier@st.com<\/a><\/p>\n\n\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

Paris, June 5, 2023 \u2013 GlobalFoundries Inc. (Nasdaq: GFS), a global leader in feature-rich semiconductor manufacturing,\u00a0and STMicroelectronics (NYSE: STM), a global semiconductor leader serving customers across the spectrum of electronics applications, announced today the conclusion of the agreement to create a new, jointly-operated, high-volume semiconductor manufacturing facility in Crolles (France), which was announced on 11 […]<\/p>\n","protected":false},"author":68,"featured_media":0,"template":"","meta":{"image":null,"json":{"gsma_resources_type":"Press Release","gsma_resources_thumb":"[]","gsma_resources_file":"[]","gsma_resources_multi":null,"gsma_resources_wgr":null,"gsma_resources_video":"","gsma_resources_image":"[]","gsma_resources_url":"","gsma_resources_date":"","gsma_resources_button":"Download"}},"tags":[],"resource_categories":[4871],"algolia_discover_type":[9668],"class_list":["post-41361","gsma_theme_resources","type-gsma_theme_resources","status-publish","hentry","resource_categories-member-press-release","algolia_discover_type-resource"],"yoast_head":"\nGlobalFoundries and STMicroelectronics finalize agreement for new 300mm semiconductor manufacturing facility in France - Membership<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.gsma.com\/get-involved\/gsma-membership\/cn\/gsma_resources\/globalfoundries-and-stmicroelectronics-finalize-agreement-for-new-300mm-semiconductor-manufacturing-facility-in-france\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"GlobalFoundries and STMicroelectronics finalize agreement for new 300mm semiconductor manufacturing facility in France\" \/>\n<meta property=\"og:description\" content=\"Paris, June 5, 2023 \u2013 GlobalFoundries Inc. (Nasdaq: GFS), a global leader in feature-rich semiconductor manufacturing,\u00a0and STMicroelectronics (NYSE: STM), a global semiconductor leader serving customers across the spectrum of electronics applications, announced today the conclusion of the agreement to create a new, jointly-operated, high-volume semiconductor manufacturing facility in Crolles (France), which was announced on 11 […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.gsma.com\/get-involved\/gsma-membership\/cn\/gsma_resources\/globalfoundries-and-stmicroelectronics-finalize-agreement-for-new-300mm-semiconductor-manufacturing-facility-in-france\/\" \/>\n<meta property=\"og:site_name\" content=\"Membership\" \/>\n<meta property=\"article:modified_time\" content=\"2024-11-05T12:44:16+00:00\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:site\" content=\"@gsma\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"3 minutes\" \/>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"GlobalFoundries and STMicroelectronics finalize agreement for new 300mm semiconductor manufacturing facility in France - Membership","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.gsma.com\/get-involved\/gsma-membership\/cn\/gsma_resources\/globalfoundries-and-stmicroelectronics-finalize-agreement-for-new-300mm-semiconductor-manufacturing-facility-in-france\/","og_locale":"en_US","og_type":"article","og_title":"GlobalFoundries and STMicroelectronics finalize agreement for new 300mm semiconductor manufacturing facility in France","og_description":"Paris, June 5, 2023 \u2013 GlobalFoundries Inc. 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