Securing Europe’s chip future, the European Investment Bank has granted €1 billion to STMicroelectronics to support advanced manufacturing and R&D in France and Italy.
The European Investment Bank (EIB) has agreed on a €1 billion financing package with STMicroelectronics to strengthen Europe’s semiconductor industry and reduce dependence on external suppliers. The first €500 million tranche has now been signed and will be deployed in Italy and France.
The funding aims to boost research and development (R&D) and expand high-volume chip manufacturing. It supports EU priorities on competitiveness, innovation, sustainability and energy efficiency.
The initial tranche will back STMicroelectronics’ investment programme across several major European sites. Around 60% of the financing is set aside for manufacturing scale-up. This includes facilities in Catania, Agrate and Crolles. The remaining 40% will support R&D into advanced semiconductor technologies and devices.
STMicroelectronics supplies chips to automotive, industrial, personal electronics and communications infrastructure markets. Its European operations combine research, design and volume production.
For the EIB, the transaction marks its ninth financing operation with STMicroelectronics since 1994. Total EIB support for the company now stands at about €4.2 billion. The long-standing relationship reflects the bank’s strategy of backing strategic industries with long-term capital.
EIB Vice-President Gelsomina Vigliotti said Europe’s leadership in semiconductors is essential for competitiveness, resilience and climate objectives. She added that the agreement demonstrates the bank’s commitment to industries that underpin the green and digital transitions.
STMicroelectronics President and CEO Jean-Marc Chery said the loan would strengthen the company’s efforts in differentiated technologies and manufacturing capacity in Italy and France.
The announcement follows a recent visit by senior EIB officials to ST’s Catania site. The facility spans the full silicon carbide value chain and is central to Europe’s push for advanced power semiconductors.
