Release date: 22 February 2010
Promoter – Financial Intermediary
ST Microelectronics N.V.Location
Description
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.
Objectives
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.
Sector(s)
Proposed EIB finance (Approximate amount)
Up to EUR 350 million.
Total cost (Approximate amount)
Around EUR 1 200 million.
Environmental aspects
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.
Procurement
The promoter is a private company not operating in the Utilities sector, and is thus not covered by EU Directives on procurement.
Status
Signed - 27/09/2010
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).