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    Signature(s)

    Amount
    € 350,000,000
    Countries
    Sector(s)
    France : € 350,000,000
    Industry : € 350,000,000
    Signature date(s)
    27/09/2010 : € 350,000,000
    Link to source

    Summary sheet

    Release date
    22 February 2010
    Status
    Reference
    Signed | 27/09/2010
    20090599
    Project name
    Promoter - financial intermediary
    STM Nanoelectronics R&D
    ST Microelectronics N.V.
    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    Up to EUR 350 million.
    Around EUR 1 200 million.
    Location
    Sector(s)
    Description
    Objectives

    The project relates to R&D and Innovation activities performed in the field of semiconductor technologies in the promoter’s sites of Crolles, Grenoble and Tours. Just below 65% of the costs are planned to be spent in Crolles, nearly 30% in Grenoble and the remaining expenditures are planned for Tours. The R&D activities included in the project would induce a strong reduction in the power consumption of existing ICT devices and allow for the increased application of ICT for energy efficiency.

    The project helps a European promoter in its effort to foster its competitive position in high value added products by investing in RDI and contributes to the targets of the European Growth Initiative. The project is thus eligible under article 309 point c) Knowledge Economy (R&D) and Protection of environment (Significant CO2 reduction) for the sub-projects related to power electronics.

    Environmental aspects
    Procurement

    Semiconductor manufacturing facilities are not specifically covered by Annexes I & II of EU Directive 97/11/EC, as amended by 2003/35/EC, and therefore not subject to mandatory Environmental Impact Assessment. The proposed investments will take place mainly inside buildings at R&D facilities already being used for similar activities, and are not expected to have a significant environmental impact on the surroundings. Full environmental details will be assessed during appraisal.

    The promoter is a private company not operating in the Utilities sector, and is thus not covered by EU Directives on procurement.

    Link to source

    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).

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