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STMicro and GlobalFoundries Set to Announce French Chip Factory

  • Semiconductor companies said to plan announcement next week
  • Chip foundry to be unveiled as part of Choose France events
A 300 millimetre silicon wafer at the Globalfoundries Inc. semiconductor plant in Dresden, Germany.

A 300 millimetre silicon wafer at the Globalfoundries Inc. semiconductor plant in Dresden, Germany.

Photographer: Liesa Johannssen-Koppitz/Bloomberg

GlobalFoundries Inc. and STMicroelectronics NV will announce plans to build a semiconductor factory in France next week with the help of government funds, people familiar with the matter said. 

The announcement will be part of French President Emmanuel Macron’s push to attract foreign investors during a Choose France summit on Monday and a trip to Grenoble on Tuesday, the people said, asking not to be identified because the plans are still private. Bloomberg reported in June that the two companies were in talks about the factory.