GlobalFoundries Inc. and STMicroelectronics Inc. are in talks to build a semiconductor factory in France together with the help of government funds, according to people familiar with the matter.
The two companies want to take advantage of a new push from the European Commission to produce 20% of the world’s chips by 2030, the people said, who asked not to be named discussing private information. The European Union executive arm proposed the 43 billion euro ($45.3 billion) Chips Act earlier this year that would allow EU governments to give subsidies for the production of chips deemed first of a kind in the EU.
