STMicro, GlobalFoundries to build chip plant in France

'Multibillion euro' factory comes as EU races ahead of U.S. in offering aid

20220711 France

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) 

CHENG TING-FANG and LAULY LI, Nikkei Asia tech correspondents

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.

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