Finance
STMicro to invest $60 million in French plant facing restructuring
Published by Global Banking & Finance Review®
Posted on September 17, 2025
2 min readLast updated: January 21, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on September 17, 2025
2 min readLast updated: January 21, 2026
STMicroelectronics plans a $60 million investment in its Tours, France plant to develop advanced semiconductor technology, with a pilot line operational by Q3 2026.
By Nathan Vifflin
(Reuters) -Chipmaker STMicroelectronics on Wednesday announced a $60 million investment for its plant in Tours, France, where it plans to develop a pilot line for advanced semiconductor manufacturing technology.
The Franco-Italian firm said it will develop the next generations of an advanced process at the plant. It has been moving older chipmaking lines away from Tours amid a major restructuring announced last October.
"This program is focused on advanced manufacturing infrastructure and brings redefined missions for some sites in France and Italy to support their long-term success," STMicro said in a statement.
STMicro, one of Europe's largest chipmakers, is carrying out a cost-cutting plan after a multi-year-long downturn hit its main markets, planning job cuts in plants such as Tours that have sparked opposition from unions and stakeholders.
The Italian and French governments own a combined 27.5% share in the chipmaker through a holding company.
The new technology, called Panel-Level Packaging (PLP), allows STMicro to manufacture chips on a large square panel, instead of small circular silicon wafers.
The company currently uses the technology for one customer at its plant in Muar, Malaysia, where it manufactures over five million chips a day, it said.
PLP cuts a number of manufacturing steps chipmakers typically make in Asia, where fabrication costs are lower, allowing them to be made in Europe due to economies of scale and greater automation.
The chipmaker expects the pilot line to be operational in the third quarter of 2026.
(Reporting by Nathan Vifflin in Gdansk; Editing by Sharon Singleton)
STMicroelectronics announced a $60 million investment for its plant in Tours, France.
The Tours plant will develop a pilot line for advanced semiconductor manufacturing using a technology called Panel-Level Packaging (PLP).
The company expects the pilot line to be operational in the third quarter of 2026.
STMicroelectronics is undergoing a major restructuring that includes moving older chipmaking lines away from Tours and implementing a cost-cutting plan.
The Italian and French governments own a combined 27.5% share in STMicroelectronics through a holding company.
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