The European Commission on Friday approved Italian state aid measures worth 2 billion euros ($2.16 billion) to support chipmaker STMicroelectronics set up a new semiconductor manufacturing facility in Catania, Sicily.
The aid will take the form of an approximately 2 billion euro direct grant to support an investment worth 5 billion euros in total, the EU Commission said in a statement.
- Reuters
Created by Tan KW | Jul 28, 2024
Created by Tan KW | Jul 28, 2024
Created by Tan KW | Jul 27, 2024