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General

French govt negotiates ST nanotech R&D investment

Tuesday 9 October 2012 | 10:09 CET | News
The French government is in talks with STMicroelectronics, in which it holds a 13.8 percent stake, about extending its Nano 2012 R&D project for another three years, Les Echos reports. Nano 2012 enabled ST and partners IBM and reasearch institute CEA-LETI to develop CMOS components found in many types of electronic devices, and created 650 jobs in the process. Some EUR 2.3 billion was invested in Nano 2012, plus EUR 1 billion invested by ST in equipment. Due to pressure on public budgets, the government is seeking guarantees before committing to Nano 2017, Les Echos has learned. The ministry

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Categories: General
Companies: STMicroelectronics
Countries: France
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