Rome, 26 March 2013
Italy: EUR 350 million loan to STMicroelectronics for R&D projects
The European Investment Bank (EIB) has signed a EUR 350 million multi-currency loan in support of STMicroelectronics (ST) for multiannual research and development (R&D) programmes by Europe’s leading semiconductors group.
The loan, repayable over eight years, concerns the full cycle of R&D activities with the aim of producing new electronic power devices and micro-electromechanical systems: research and development of products and integration of the results into system-on-chip applications.
The investment concerns research facilities in Italy located in Agrate (Lombardy) and Catania (Sicily).
The operation carries on a proven tradition of cooperation between the European Union’s bank and ST, involving lending operations for R&D activities in both Italy and France.
Note to editors:
The European Investment Bank (EIB) is the long-term financing institution of the European Union. Its shareholders are the Member States of the Union. The EIB’s remit is to contribute to the achievement of the EU’s objectives by providing long-term finance for viable projects.
Marco Santarelli, email@example.com, +39 331 6595594