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Signature(s)

Amount
€ 600,000,000
Countries
Sector(s)
France : € 300,000,000
Italy : € 300,000,000
Industry : € 600,000,000
Signature date(s)
9/02/2022 : € 300,000,000
16/12/2021 : € 300,000,000
Link to source

Summary sheet

Release date
29 March 2022
Status
Reference
Signed | 16/12/2021
20210441
Project name
Promoter - financial intermediary
STM SEMICONDUCT R&D ITALY-FRANCE
STMICROELECTRONICS NV
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 600 million
EUR 2170 million
Location
Sector(s)
Description
Objectives

The project relates to the Promoter's semiconductor research, development and innovation (RDI) and manufacturing activities for the development of the next generation of energy efficiency, resources saving and environmental protection semiconductor technologies, devices and solutions

The project supports investment in European RDI and production in high value-added products that contribute to the innovation and competitiveness of all major economic sectors in the EU. The project, to be carried out at the Promoter's locations in France and Italy, includes both RDI activities as well as investments in pilot lines and in advanced manufacturing capabilities for Key Enabling Technologies.

Additionality and Impact

The project contributes to the policy objective of RDI. It concerns private sector investments in R&D activities on innovative technologies and components as well as investments in innovative production lines of leading-edge semiconductor devices, which are Key Enabling Technologies. The project is expected to lead to the development and deployment of innovative product and process technologies with substantial positive externalities. It will help to develop relevant knowledge, skills and competences, strengthen the promoter's technology edge and increase collaboration with clients and suppliers, which will lead to economic returns to society that exceed those to the private investor. The resulting wedge between private and social rates of return on investing in RDI in turn leads to aggregate underinvestment relative to levels that would be socially optimal. The proposed EIB loan satisfactorily meets the required funding needs of the promoter as it provides for the necessary flexibility in terms of long tenor and repayment profile, together with a sizeable financing volume. Furthermore, the EIB's involvement in the financing is expected to send a signalling effect to other potential lenders by also providing a quality stamp on the promoter's activity.

Environmental aspects
Procurement

Semiconductor RDI and manufacturing facilities are not specifically covered by Annexes I & II of the EIA Directive 2014/52/EU amending the Directive 2011/92/EU, and therefore not subject to a mandatory environmental impact assessment (EIA).

The Promoter has been assessed by the EIB as being a private company not subject to EU rules on public procurement or concessions.

Link to source
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Disclaimer

Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).

Documents

Environmental and Social Data Sheet (ESDS) - STM SEMICONDUCT R&D ITALY-FRANCE
Publication Date
12 Jul 2022
Document language
Main Topic
Lending
Document Number
149432143
Document Focus
Environmental Information
Project Number
20210441
Sector(s)
Regions
Countries
Publicly available
Download now
Environmental and Social Completion Sheet (ESCS) - STM SEMICONDUCT R&D ITALY-FRANCE
Publication Date
30 Dec 2024
Document language
Main Topic
Lending
Document Number
238995482
Document Focus
Environmental Information
Project Number
20210441
Sector(s)
Regions
Countries
Publicly available
Download now

General enquiries and comments

The EIB is committed to open communication and encourages constructive stakeholder input regarding its activities.
Enquiries and comments concerning the EIB’s involvement in a project or the financing facilities, activities, organisation and objectives of the EIB, can be sent to the EIB Infodesk.
Alternatively, the EIB can be contacted through its external offices.
Queries regarding details of a specific project, in particular when it is under appraisal by the EIB, should preferably be addressed directly to project promoters.

Media enquiries

Media-related enquiries can be addressed to the EIB Press Office. Please also visit our Media information section.

Complaints mechanism

Any complaint regarding alleged maladministration can be lodged via the EIB Complaints Mechanism. The European Ombudsman acts as an independent external accountability mechanism of the EIB.

Zero tolerance against fraud and corruption

The EIB has a zero tolerance policy on fraud or corruption. To report allegations of fraud and corruption relating to EIB-financed projects, please contact the Fraud and Investigation division. All complaints will be treated as strictly confidential and handled in line with the EIB investigation procedures and the Anti-Fraud Policy.

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