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https://www.wsj.com/articles/chip-giants-to-build-factory-in-france-as-global-supply-race-rolls-on-11657548481

GlobalFoundries and STMicroelectronics two of the world’s largest chip makers, said they would team up to build a semiconductor factory in France, leaning on government subsidies in what has become a global race to strengthen control over technological supplies.

The factory in Crolles in southeastern France would be jointly operated by the two chip makers and receive what they described as major financial support from the French government. The three parties plan to invest a total of more than $5.7 billion in the plant, which they said should open by 2026 and create more than 1,000 jobs. They didn’t detail how the investment would be divided.

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This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com.