Reported about 6 hours ago
STMicroelectronics announced a $60 million investment in its Tours, France plant to develop a pilot line for advanced semiconductor manufacturing technology. This investment comes amid a restructuring effort that has seen older chipmaking lines moved away from Tours, as the company aims to focus on advanced manufacturing processes. Despite facing a downturn and planning job cuts, STMicro intends to enhance production capabilities with new technology that allows for larger chip production, targeting operational status by Q3 2026.
Source: YAHOO