STMicroelectronics and GlobalFoundries partner for new manufacturing facility in France
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STMicroelectronics (NYSE:STM) and GlobalFoundries (NASDAQ:GFS) signed a MoU for creating a new, jointly-operated 300mm semiconductor manufacturing facility adjacent to the former's existing 300mm facility in Crolles, France.
This facility is targeted to ramp at full capacity by 2026, with up to 620,000 300mm wafer per year production at full build-out (~42% ST and ~58% GF).

Both the companies are set to build build capacity for their European and global customer base with the facility having several technologies, in particular FD-SOI-based technologies, and will cover multiple variants.
Combined together, both the companies will leverage the economies of scale at the Crolles site as they accelerate semiconductor capacity the world needs with high capital efficiency.
"We continue to invest into our new 300mm wafer fab in Agrate (near Milan, Italy), ramping up in H1 2023 with an expected full saturation by end 2025, as well as in our vertically integrated silicon carbide and gallium nitride manufacturing," President and CEO Jean-Marc Chery commented.