Italy: EUR 350 million loan to STMicroelectronics for R&D projects
The European Investment Bank (EIB) has signed a EUR 350 million multi-currency loan in support of STMicroelectronics (ST) for multiannual research and development (R&D) programmes by Europe’s leading semiconductors group.
The loan, repayable over eight years, concerns the full cycle of R&D activities with the aim of producing new electronic power devices and micro-electromechanical systems: research and development of products and integration of the results into system-on-chip applications.
The investment concerns research facilities in Italy located in Agrate (Lombardy) and Catania (Sicily).
The operation carries on a proven tradition of cooperation between the European Union’s bank and ST, involving lending operations for R&D activities in both Italy and France.