GlobalFoundries and STMicroelectronics Finalize Agreement for New 300mm Semiconductor Manufacturing Facility in France
05 Junho 2023 - 10:00AM
GlobalFoundries Inc. (Nasdaq: GFS), a global leader in feature-rich
semiconductor manufacturing, and 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.
“I 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’s milestone possible,” said Dr. Thomas Caulfield, president
and CEO of GlobalFoundries. “In partnership with ST in Crolles, we
are further expanding GF’s presence within Europe’s dynamic
technology ecosystem while benefiting from economies of scale to
deliver additional capacity in a highly capital efficient manner.
Together we will deliver GF’s market leading FDX technology and
ST’s comprehensive technology roadmap, in alignment with customer
demand which is expected to remain high for Automotive, IoT, and
Mobile applications over the next decades.”
“Today 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,”
said Jean-Marc Chery, President and CEO of STMicroelectronics. “We
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.”
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 “France 2030” plan, recently received approval from the
European Commission.
About GF
GlobalFoundries (GF) is one of the world’s 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.
©GlobalFoundries 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.
Contacts:
Media:Laurie KellyGlobalFoundries+1 518 265
4580laurie.kelly@gf.com
Investor Relations:ir@gf.com
About STMicroelectronicsAt 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.
Further information can be found at www.st.com.
Contacts:
INVESTOR RELATIONS:Céline BerthierGroup VP, Investor
RelationsTel: +41.22.929.58.12Celine.berthier@st.com
MEDIA RELATIONS:Alexis BretonCorporate External
CommunicationsTel: + 33.6.59.16.79.08alexis.breton@st.com
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