GlobalFoundries and STMicroelectronics two of the world’s largest chip makers, said they would team up to build a semiconductor factory in France, leaning on government subsidies in what has become a global race to strengthen control over technological supplies.
The factory in Crolles in southeastern France would be jointly operated by the two chip makers and receive what they described as major financial support from the French government. The three parties plan to invest a total of more than $5.7 billion in the plant, which they said should open by 2026 and create more than 1,000 jobs. They didn’t detail how the investment would be divided.
