TAIPEI -- STMicroelectronics and GlobalFoundries plan to build a "multibillion euro" advanced chip facility in France, as Europe races to increase chip production following the passage of the European Chips Act earlier this year.
'Multibillion euro' factory comes as EU races ahead of U.S. in offering aid

Contract chipmakers STMicroelectronics and GlobalFoundries have announced plans for a new plant in France to be built with assistance from the government. (Source photos by AP and Reuters)
TAIPEI -- STMicroelectronics and GlobalFoundries plan to build a "multibillion euro" advanced chip facility in France, as Europe races to increase chip production following the passage of the European Chips Act earlier this year.