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ST and GlobalFoundries Plan New 300mm Europe Chip Plant

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By Bolaji Ojo

STMicroelectronics NV and U.S.-based contract chipmaker GlobalFoundries Inc. said they have agreed to establish a new 300mm semiconductor manufacturing fab in France with “significant financial support” from the French government. They expect the new fab to start production in 2024 and become fully operational by 2026 when it should start producing up to 620,000 wafers per year.

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