# STMicroelectronics and GlobalFoundries plan $5.7B chip factory in France

STMicroelectronics and GlobalFoundries announced plans to build a semiconductor factory in France, with funding from the French government, to reduce reliance on Asian chip supply.

- Type: New facility
- Announced: 2022-07-11
- Where: France, France
- Value: $5.70B
- Status: announced
- Products: semiconductor chips
- Sectors: [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md)

## Companies

- [STMicroelectronics](https://endata.com/companies/21952.md)
- [GlobalFoundries](https://endata.com/companies/664.md) (partner)

## Sources

- [reuters.com](https://www.reuters.com/technology/stmicroelectronics-globalfoundries-confirm-major-new-france-investment-2022-07-11/), 2022-07-11: "Chipmakers STMicroelectronics and GlobalFoundries announced plans on Monday to build a semiconductor factory in France"

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.