Flexible Electronics News

EIB, STMicroelectronics Announce €1 Billion Agreement

Credit line to strengthen Europe’s semiconductor industry and support innovation, sustainability and energy efficiency.

The European Investment Bank’s (EIB) headquarters in Luxembourg. (Source: EIB)

The European Investment Bank (EIB) and STMicroelectronics have signed a €500 million financing agreement to boost Europe’s competitiveness and strategic autonomy. This represents the first tranche a broader €1 billion credit line recently approved by the EIB in favour of STMicroelectronics, a leading semiconductor manufacturer with a strong footprint in Europe including Italy, France and Malta and serving the automotive, industrial, personal electronics, and communication infrastructure marke...

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