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EC approves ?7.4bn subsidy for ST-GloFo JV fab

By David Manners, ElectronicsWeekly (May 1, 2023)

The EC has approved a €7.4 billion subsidy for ST and GloFo’s jv FD-SOI fab at Crolles.

When the jv was announced in July 2022, President Macron’s office said that the investment would be in excess of 5.7 billion without specifying the currency.

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