# EC approves €7.4B subsidy for ST-GlobalFoundries JV fab in Crolles

The European Commission has approved a €7.4 billion subsidy for the joint venture between STMicroelectronics and GlobalFoundries to build an FD-SOI fab in Crolles, France.

- Type: Investment
- Announced: 2023-05-01
- Where: Crolles, France
- Value: $8.10B (7.40B EUR)
- Status: announced
- Products: FD-SOI semiconductors
- Sectors: [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md)

## Companies

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

## Sources

- [design-reuse.com](https://www.design-reuse.com/news/14049-ec-approves-7-4bn-subsidy-for-st-glofo-jv-fab/), 2023-05-01: "The EC has approved a €7.4 billion subsidy for ST and GloFo’s jv FD-SOI fab at Crolles."

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