Finance
STMicroelectronics opens new 1-billion-euro credit line with EIB
Published by Global Banking and Finance Review
Posted on December 11, 2025
Global Banking and Finance Review
Company
Published by Global Banking and Finance Review
Posted on December 11, 2025
Dec 11 (Reuters) - Chipmaker STMicroelectronics said on Thursday it had established a 1 billion euro ($1.2 billion) credit line with the European Investment Bank (EIB).
The first 500-million-euro slice will be used to support research and development and high-volume chip manufacturing in Italy and France, the company said in a statement.
"About 60% of the agreement is focused on high-volume manufacturing capabilities, including the key sites of Catania, Agrate and Crolles, while the remaining 40% is focused on R&D," the Franco-Italian group said.
This is the ninth financing agreement between the EIB and STMicroelectronics, totalling 4.2 billion euros since 1994.
($1 = 0.8555 euros)
(Reporting by Nathan Vifflin in Gdansk, editing by Milla Nissi-Prussak)
A credit line is a preset amount of money that a borrower can access from a lender, allowing them to withdraw funds as needed up to a certain limit.
Research and development (R&D) refers to activities companies undertake to innovate and introduce new products or services, often involving scientific and technical research.
High-volume manufacturing is the production of large quantities of products, typically using automated processes to achieve efficiency and cost-effectiveness.
The European Investment Bank (EIB) is the lending arm of the European Union, providing finance and expertise for sustainable investment projects that contribute to EU policy objectives.
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