Release date: 12 May 2011
Promoter – Financial Intermediary
GlobalFoundries Inc
Location
Description
The project concerns the extension of the promoters’ semiconductor Fab 1 located in Dresden, Germany. The project includes the construction of a new building and its fit-out with leading-edge 300 mm semiconductor manufacturing equipment.
Objectives
The semiconductor industry is a strategic industry because of its strong growth, the importance of the product and the externalities for other industries. Semiconductors and nano-electronics are at the core of the electronic equipment that is driving the “Information Society”.
Comments
Manufacturing of electronic components.
Sector(s)
Proposed EIB finance (Approximate amount)
EUR 300 million
Total cost (Approximate amount)
EUR 1 200 million
Environmental aspects
Semiconductor manufacturing facilities are not specifically covered by Annexes I & II of EU Directive 85/337/EEC, as amended by 1997/11/EC, 2003/35/EC and 2009/31/EC, and are therefore not subject to a mandatory Environmental Impact Assessment. The proposed extension will take place in an industrial area already being used for similar activities, and are not expected to have a significant environmental impact on the surroundings.
Procurement
The promoter is a private company not operating in the Utilities sector, and is thus not covered by EU Directives on procurement.
Status
Signed - 15/12/2011