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STMicroelectronics gets €350m research loan from the EU’s bank

The European Investment Bank has loaned €350 million to French-Italian semiconductor company STMicroelectronics for its R&D activities.

The loan, which can be paid pack after eight years, will fund the design of electronic supply devices and micro-electromechanical systems. These activities will be carried out in the company’s research centres in Agrate Brianza, Castelletto and Catania, Italy.

With headquarters in Geneva, Switzerland, STMicroelectronics employs about 11,000 people in R&D and manufactures semiconductor chips. The company was born from the merger of SGS Microelettronica (Italy) and Thomson Semiconducteurs (France) in 1987.

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