EIB and STMicroelectronics announce €1 billion agreement to boost Europe’s competitiveness and strategic autonomy

Group 1 - The European Investment Bank (EIB) and STMicroelectronics have signed a €500 million financing agreement as part of a broader €1 billion credit line to enhance Europe's competitiveness and strategic autonomy in the semiconductor industry [1][8] - This financing will support STMicroelectronics' investment program in innovative semiconductor technologies and devices, with approximately 60% allocated to high-volume manufacturing and 40% to research and development [2][8] - The agreement aims to strengthen Europe's semiconductor ecosystem, ensuring technology leadership in the global market and creating high-skilled jobs [4][3] Group 2 - The EIB has supported nine projects with STMicroelectronics since 1994, totaling around €4.2 billion in financing, highlighting a long-term collaboration [2][8] - The recent agreement follows a high-level EIB delegation visit to ST's facility in Catania, which is crucial for the Silicon Carbide (SiC) value chain [5] - The EIB's financing aligns with EU objectives, focusing on innovation, sustainability, and energy efficiency within the semiconductor industry [8]